Australia's Senex Energy gets sweetened $630 mln buyout offer from POSCO International
07/11/2021 22:31
Nov 8 (Reuters) - Australian coal seam gas producer Senex
Energy Ltd SXY.AX said on Monday it received a sweetened
takeover bid from POSCO International Corp 047050.KS which
values the firm at A$852.1 million ($630.38 million).
The revised proposal of A$4.60 per share, a nil-premium to
its last close - comes weeks after the South Korean trader
offered A$4.40 apiece to buy the entire stake in Senex, a gas
producer which supplies Australia's east coast market.
urn:newsml:reuters.com:*:nL1N2RD0GN
($1 = 1.3517 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; editing by Diane
Craft)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
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