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Stock impact report

Tamboran wins court approval for Falcon acquisition, flags amendments and timing update [Yahoo! Finance]

Tamboran Resources Corporation Common stock (TBN) 
Company Research Source: Yahoo! Finance
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) on Friday announced it has received court approval for its proposed acquisition of Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO) , with the Supreme Court of British Columbia signing off on the transaction subject to amendments to the Plan of Arrangement. The Final Order clears a key step in the process to acquire all of Falcon's subsidiaries, although the court has required changes relating to the treatment of certain Falcon shareholders subject to sanctions. Tamboran and Falcon are now reviewing those amendments and assessing their impact on the implementation of the transaction. Amendments prompt timing extension The required changes centre on how sanctioned shareholders are handled under the arrangement — an issue that has become more prominent in cross-border transactions involving multiple jurisdictions. Tamboran said both companies are now considering how best to incorporate the court's conditions. To a Show less Read more
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