Caltex KBs EG but open to dialogue 

CALTEX has rejected British EG’s takeover offer, suggesting it does not offer value for shareholders, but it is willing to engage further “in relation to a potential transaction” leaving the door open for a better offer. 

Caltex KBs EG but open to dialogue  Caltex KBs EG but open to dialogue  Caltex KBs EG but open to dialogue  Caltex KBs EG but open to dialogue  Caltex KBs EG but open to dialogue 

Brit might have to revert with better offer 

It said the board had received advice from its financial and legal advisers and had considered the feedback from its shareholders. 
 
EG's offer was a mix of cash and shares.