[caption id="attachment_21946" align="alignleft" width="150" caption="Linc Energy To Buy Golden Concord 5% Of The Company"]
[/caption] Linc Energy (LNC) is an Australian Small Cap energy company that produces ultra-clean diesel and jet fuels. Linc Energy announced that Hong Kong-based Golden Concord will buy 5% of the company for about $120 million. The investment equates to about $4.50 a share, a significant premium to Linc’s last close of $1.07. The deal forms part of a new venture in which Linc holds a 33% interest and Golden Concord the rest. Click to Receive FREE Daily Trading Recommendations!
[/caption] Linc Energy (LNC) is an Australian Small Cap energy company that produces ultra-clean diesel and jet fuels. Linc Energy announced that Hong Kong-based Golden Concord will buy 5% of the company for about $120 million. The investment equates to about $4.50 a share, a significant premium to Linc’s last close of $1.07. The deal forms part of a new venture in which Linc holds a 33% interest and Golden Concord the rest. Click to Receive FREE Daily Trading Recommendations!
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