Australia's Senex Energy hits 2014 high as POSCO makes approach
18/10/2021 24:46
** Senex Energy SXY.AX climbs 15.7% to A$4.42, its highest
since 2014, after POSCO International 047050.KS makes a
takeover play
** SXY said on Monday trader POSCO International made an
A$814.8 mln ($605.31 mln) takeover bid in September urn:newsml:reuters.com:*:nL1N2RD0GN
** POSCO latest twice-improved bid is A$4.40 per share
** Latest bid is at a 15.2% premium to Senex's close on
Friday and near 38% premium to its close on Sept. 1
** SXY shares climb by their most since May 2020
($1 = 1.3461 Australian dollars)
(Reporting by Nikhil Kurian Nainan)
((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN))
Recent news on Posco International
See all newsBrief: Posco International Issued $500 Million In Global Bonds
Brief: Posco International - Signs Head Of Agreement For LNG Terminal And Direct Pipeline Usage
Invest About $200 Million With Reelement Technologies Corp To Set Up A Joint Venture U.S Plant For Rare Earths Separation And Refining Production
Brief: Posco International Q1 Operating Profit 357.5 Billion Won, Up 32.3% From Year Earlier
Brief: Posco International Aims To Offer 50% Of Earnings For Shareholder Returns