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17.12.25 - 17:51
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ASPI Jumps After Clearing Hurdle To Acquire Renergen (ZeroHedge)
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ASPI Jumps After Clearing Hurdle To Acquire Renergen
ASPI, which we have discussed extensively both here in our premium section, has finally received all required approvals for the acquisition of South African LNG and helium production company, Renergen.
Temporary - and recurring - delays in obtaining regulatory approval for the acquisition in South Africa were starting to create doubts that the transaction would never close. But the latest announcement from ASPI has cleared the way for the transaction to be consummated after final approvals are received later this month.
The news sparked a significant jump in the stock price on a day when most other small cap, high beta stocks are again getting crushed by another day of the Oracle-inspired pukefest.
Renergen operates the Virginia Gas Project in South Africa, which has received significant funding in the hundreds of millions of dollars from the US government through the US International Development Finance Corporation (DFC). The project is pro...
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