Subscribe to RSS feedBritish gas major ups offer for Pure Energy
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Obsidian
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last modified
Mar 05, 2009 12:00 AM
Britain's integrated gas major, BG Group, has sweetened its offer for Australian coal seam gas firm Pure Energy, lifting its bid to more than $1bn.
BG, which already controls 29% of Pure, will increase its cash offer by $0.25 to $8.25 a share if it reaches 90% shareholder acceptance.
BG said the increased offer, designed to eliminate rival Arrow Energy, was final in the...
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