MARKETS

Cottee calls for calm

CENTRAL Petroleum managing director Richard Cottee is trying to turn on the charm to win over his shareholders in a 20c per share takeover offer from Macquarie Group, as shareholders become increasingly convinced the company is being sold for a song.

Richard Cottee.

Richard Cottee.

Last month Central's board unanimously recommended the Scheme of Arrangement proposed by Macquarie, and aside from yesterday's announcement about an almost two petajoules gas contract it has been ominously...

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