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AUSTRALIA

BG bows out of Origin bid

IN A WIDELY anticipated move, BG Group has accepted that its $13.8 billion bid for Origin Energy has been defeated, saying it would not increase its offer price or extend the period of its offer.

BG bows out of Origin bid

BG chief executive Frank Chapman confirmed market speculation that BG would not increase its bid after Origin announced its joint venture with ConocoPhillips, by saying the price implied by the deal was...

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