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

27 February 2018
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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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