TITLE

BG down under

PUB. DATE
June 2008
SOURCE
Utility Week;6/27/2008, Vol. 29 Issue 10, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article deals with the hostile bid launched by BG Group for Australia's Origin Energy. BG said its offer was a 48 per cent premium on the current share price. Origin's board rejected a similar offer in May 2008, claiming the bid undervalued the company and its coal seam gas reserves. BG said Origin's reserves required significant capital investment to exploit, and in some cases were subject to longstanding contracts and may be transferred.
ACCESSION #
33223593

 

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