MARKETS

Mitsui lodges bidder's statement for AWE

MITSUI lodged its bidder's statement for its takeover offer for AWE to shareholders this morning and it is now open for acceptance by shareholders after the AWE board previously unanimously recommended the offer. 

AWE's historic Waitsia gas find has driven takeover interest but bidder Mitsui is the only one to look at the rest of the portfolio.

AWE's historic Waitsia gas find has driven takeover interest but bidder Mitsui is the only one to look at the rest of the portfolio.

The company bid for AWE on February 5, offering 95c which was rapidly accepted by AWE in the absence of a better offer.    The triple takeover target had two other competing offers, both far lower,...

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