South Korea's POSCO in talks to buy Australia's Senex Energy

Posco International

17/10/2021 23:24

Oct 18 (Reuters) - Australia's Senex Energy Ltd  SXY.AX 
said on Monday that it extended exclusive access to its books to
POSCO International Corp  047050.KS  to allow the South Korean
trader to raise its previously undisclosed A$814.8 million
($605.56 million) takeover bid. 
    The natural gas producer said POSCO now has until Nov. 5 to
better its improved bid of A$4.40 per share, which follows two
undisclosed attempts in July and August. 
    
($1 = 1.3455 Australian dollars)

 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by
Daniel Wallis)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN; +91 806 182 2724;))