BG will pitch its offer at about A$5.80 a share, nearly double the A$3.20 at which QGC shares were suspended last Friday pending a “possible material transaction”.
A person close to the negotiations said an announcement would be made before the Australian Stock Exchange opens on Tuesday.
http://www.ft.com/cms/s/0/84da60c4-a448-11dd-8104-000077b07658.html
QGC
queensland gas company limited
price foe takeover, page-15
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