Ann: CERCG withdraws indicative proposal to acquire 100% of AWE, page-32

Appears in AFR print edition today at p.15.

Some extracts:

AWE managing director David Biggs:

"It's very unfair to characterise us as not willing to engage; we actually tried to engage to see where we could go with this and they just unilaterally disengaged at that point"

"We are happy to talk to anybody who wants to put a decent proposal in front of us to acquire the company. We had barely started those discussions and they left. If they want to come back, that would be great."

Also, from today's Oz (p.18):



Mentions Kerogen Capital and Tower Energy as other possible acquirers.

DYOR