AWE 0.00% 94.0¢ awe limited

Ann: CERCG receives FIRB approval, page-14

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  1. 168 Posts.
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    Further;

    Dec 22 (Reuters) - State-owned China Energy Reserve and Chemical Group (CERCG) said on Friday Australia's foreign investment regulator had approved it to send a bidder's statement to AWE Ltd (AWE) shareholders for a failed takeover offer made earlier this month.
    CERCG made the A$0.73 a share offer on Dec. 8. The dispatch of the bidder's statement to AWE shareholders is a regulatory requirement.
    AWE had declined to give CERCG access to its books with its A$0.73 a share offer, and CERCG was unwilling to raise its bid without having access to AWE's books.
    AWE eventually accepted mining infrastructure provider Mineral Resources' (MIN) $403 million buyout offer on Thursday, pitched 14 percent above CERCG's.
 
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