ASIA

AWE rebuffs opportunistic approach

LEADING Australian oiler AWE has rejected an unsolicited $421 million opportunistic bid from a US private equity firm just weeks out from the start-up of first production from the giant Waitsia gas field in Western Australia's Perth Basin.

AWE rebuffs opportunistic approach

The 80 cent per share bid, which comes at a 20cps premium to AWE's recent trading price but which is little more than half the $1.48 52 week high, was described by AWE as indicative, conditional and non-binding...

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