
Gina Rinehart takes control of Warrego, beating rival Strike Energy
Gina Rinehart’s Hancock has become Warrego’s controlling shareholder, effectively ending a months-long battle with Strike Energy for control of the company. “Now that Hancock has become Warrego’s controlling shareholder, and Strike has confirmed its scrip offer is its “best and final” offer, Hancock expects Strike’s and Warrego’s share prices to continue to fall below 36c and will likely further decline significantly once Hancock’s offer closes .”Hancock said its officer was automatically extended and will remain open for acceptance until 7pm AEDT on February 24.