UPDATE: Realm Energy Up Nearly 6% As Announces Acquisition by San Leon Energy for $1.30 Per Share
Realm Energy International (RLM.V) went up by about 6% after announcing that it has entered into an agreement whereby San Leon Energy plc will acquire all of its issued and outstanding shares. The terms of the Acquisition value Realm at approximately C$1.30 per share. The Board of Directors of San Leon believes that the acquisition of Realm has significant commercial logic and would bring together two complementary portfolios to create a focused and large shale acreage position in Poland's Baltic Basin.
More than 1 million RLM shares have changed hands in the first hour of trade.
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