Brooge Energy ( NASDAQ: BROG ) +4.8% post-market Wednesday after saying majority shareholder BPGIC Holdings has expressed an interest in acquiring all shares it does not currently own and to take the company private.
Brooge Energy ( BROG ) said its board is considering the proposal and "will be entering into substantive negotiations."
Additionally, the company said its audited financial statements for 2018, 2019 and 2020 can no longer be relied upon, and it is pursuing a restatement of the financial statements.
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Brooge Energy says top shareholder weighing take-private deal