Deloitte Corporate Finance, which was commissioned by Anzon Energy (AEL) to prepare an independent expert’s report on the merger, has concluded that the merger is fair and reasonable and is in the best interests of AEL shareholders.
The boards of each of Roc Oil Company and AEL have unanimously agreed to pursue the merger. The AEL board has unanimously recommended that AEL shareholders vote in favor of the resolution to approve the merger at the scheme meeting, in the absence of a superior proposal.
