Companies
Origin against BG bid
By Henry Tyler
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Posted 04 July 2008 @ 11:30 am GMT
Australian energy firm Origin has recommended that its shareholders reject a A$13.8 billion (£6.7 billion) takeover bid from BG Group. Origin said that the offer did not take into account the full extent of its coal seam gas reserves.
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bid group origin takeover
Global Radio increases bid for GCapThe firm said that it had received proposals from third parties who were interested in its reserves
Origin shares are currently trading at A$15.50 per share, above the current offer by BG Group.
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