PHI Group Receives Approval of Tender Offer to Acquire Target Company in South Africa
PHI Group (www.phiglobal.com - PHIL), a U.S. public company currently engaged in conventional energy, renewables and natural resources, announced today that the Company has received approval from the board of directors of an undisclosed South African target company ("TARGET") in connection with the Company's tender offer to acquire 100% of TARGET'S issued and outstanding stock for cash.
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