CERCG terminates AWE offer 

THE battle for AWE is drawing to a close as China Energy Reserve and Chemical Group this morning formally withdrew its 73c offer, declining to either make a higher bid or change its conditions in the face of Mitsui’s higher offer.

CERCG terminates AWE offer  CERCG terminates AWE offer  CERCG terminates AWE offer  CERCG terminates AWE offer  CERCG terminates AWE offer 

CERCG formally withdrew its offer for AWE after board recommended shareholders reject it

 
AWE recommended last week that shareholders accept Mitsui's higher 95c cash offer, which was deemed far less conditional compared with CERCG's, which the Chinese firm said it could not

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