Parex Resources proposes to acquire GeoPark for $9/share, buys 11.8% stake

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GeoPark (GPRK) +11.9% post-market Wednesday after Parex Resources (OTCPK:PARXF) said it submitted a proposal to acquire the company for US$9.00/share in cash, a 38% premium to GeoPark’s 90-day, volume-weighted average share price as of October 28.

The proposal values GeoPark (

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