BG down under

June 2008
Utility Week;6/27/2008, Vol. 29 Issue 10, p30
Trade Publication
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.


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