MARKETS

AWE urges shareholders to accept Mitsui 

AWE has released twin target statements explaining why shareholders should reject China Energy Reserve Chemical Group's lower, more conditional 73c bid and accept Mitsui's 95c cash bid.

AWE's Waitsia field, which represents 75% of the company's 2P reserves, has driven a bidding war and higher share price for the company

AWE's Waitsia field, which represents 75% of the company's 2P reserves, has driven a bidding war and higher share price for the company

Grant Thornton's independent expert valuation valued AWE at between 78c and $1.06 a share  making China Energy Reserve Chemical Group's offer "below the bottom end of the valuation range".   When it...

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