Synthesis energy systems to acquire australian future energy

Synthesis energy systems to acquire australian future energy.synthesis energy systems inc - offer to acquire 100% of batchfire resources, with minimum acceptance level set at 25%.synthesis energy systems inc - afe will become a wholly owned subsidiary of ses.synthesis energy systems inc - mutually agreed purchase value of afe is approximately $us 36 million.synthesis energy systems inc - will issue 3.9 million new shares of common stock for acquisition of afe.synthesis energy - offer values 100% of batchfire at about $us 80 million.synthesis energy systems - each holder of afe ordinary shares will receive 1 share of co for about each 24.44 afe share.synthesis energy systems inc - as part of transaction, kerry parker, current ceo of afe, will be appointed as president and ceo of ses.synthesis energy systems inc - edek choros, stephen lonie, richard barker will be appointed to board.synthesis energy systems inc - robert rigdon, will remain on board.synthesis energy systems - board of directors is expected to appoint one or more additional, independent directors after transaction.synthesis energy systems inc - all other current directors of ses will resign their positions at merger closing.synthesis energy systems inc - an appointment of a new chief financial officer for ses will be named at, or prior to, closing.
SES Ratings Summary
SES Quant Ranking