Greenland Energy proposes merger with 80 Mile

LONDON: Greenland Energy Company has reached an agreement on indicative terms to acquire London-listed 80 Mile plc in an all-share transaction valuing the target company’s existing issued share capital at £61.48 million, the companies announced Monday. Under the proposed terms, 80 Mile shareholders would receive 0.01108 new Greenland Energy shares of common stock for each existing 80 Mile ordinary…