Battle Intensifies For Australia’s AWE

摘要

Just days after state-owned China Energy Reserve and Chemicals Group (CERCG) turned hostile in its takeover bid for AWE Ltd. and its gas- rich assets of the Perth Basin, firing back with a US$0.55 cents per share, US$350 million carrot to shareholders who had rejected earlier overtures, a rival second player has raised the stakes in the bidding war.