Update: Merger plan makes sense
The proposed Neon Energy/MEO merger would create a combined group with c A$37m (as of September 2014) in cash and a diverse Australasian asset base. It would significantly reduce operating expenses and have a focused and experienced group of decision makers at the helm. This would be a confluence of two companies, one with a single asset and cash and the other with lots of assets but not enough cash, the combined entity being good for all shareholders if the merger is successfully concluded.
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