Sydney-Australia's Beach Energy has launched a sweetened A$75 million ($74.4 million) takeover offer for Impress Energy, one of its tenement neighbors in the onshore Cooper Basin, the company said December 6. The unconditional on-market offer of A$0.085/share replaces a A$73 million scheme of arrangement merger at A$0.0825/share, unveiled by the companies November 22 (ON 11/23). The offer price rep- resents a 39% premium to Impress' one-month volume weighted average price of A$0.061 before the merger was announced.
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