oil & gas assets
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A&D - Diversified in $50MM bid for EdgeMarc’s Ohio acreage - August 2019

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London-listed and US-focused Diversified Gas & Oil entered a $50 million stalking horse agreement to acquire the Ohio assets of Appalachian pure-play EdgeMarc Holdings, which filed for bankruptcy in May. The proposed purchase will be conducted through a bankruptcy court-supervised process, with a final deal contingent on court approval and whether EdgeMarc receives higher offers from other bidders at a potential auction in August. A qualified bid looking to outbid Diversified must be at least $52.25 million and be submitted by......
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