Egypt and Morocco-focused gas producer SDX Energy announced on 25 May that it had agreed to be taken over by Canadian independent Tenaz Energy.

“The boards of directors of Tenaz and SDX have reached agreement on the terms of a recommended share-for-share combination between Tenaz and SDX… with the entire issued and to be issued ordinary share capital of SDX being acquired by Tenaz,” SDX says. (CONTINUED - 261 WORDS)