Brookfield Offers to Take Insignia Energy Private
Calgary's Insignia Energy Ltd., a publicly-listed junior oil and gas exploration and development company, announced that independent members of the board of directors have received a privatization proposal from Brookfield Capital Partners. Under the proposal, which has not yet been formalized, shareholders would be paid $1.35 for each of their common shares. Brookfield, which focuses on mid-market turnarounds and special situations, has held a significant stake in Insignia since 2008.
7 May 2013•4 mins read
