WAM Capital Limited (ASX:WAM), fund managed by Wilson Asset Management (International) Pty Limited made an offer to acquire Molopo Energy Limited (ASX:MPO) for AUD 33.6 million on November 8, 2017. Under the terms, WAM Capital Limited will acquire all shares of Molopo Energy Limited at AUD 0.135 per share. The proposed takeover by WAM Capital Limited will be subject to minimum 50.1% acceptance. The Offer will open for acceptance for at least one month.

WAM Capital Limited (ASX:WAM), fund managed by Wilson Asset Management (International) Pty Limited cancelled an offer to acquire Molopo Energy Limited (ASX:MPO) on January 4, 2018. The additional expenditure commitments have triggered the ‘no material transactions' condition. As a result, WAM Capital Limited, fund managed by Wilson Asset Management (International) Pty Limited withdrawing its proposed offer.