25 April 2024
CERCG makes hostile bid for Australia’s AWE after takeover talks collapse
Publication date: 08 December 2017
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Australian E&P player AWE has been targeted in a second hostile takeover bid by China Energy Reserve and Chemical Group (CERCG) in as many weeks, after talks between the two companies broke down.
CERCG lifted an initial offer of AUD 0.71/share – which was withdrawn this week after AWE snubbed it as “not sufficiently attractive” – to AUD 0.73/share ...