AWE will sell a share of its interest in the Bass Basin to Toyota Tsusho Gas for $80.125 million and will pass on a 5 cent per share dividend to its shareholders, the company announced today.
The board of Adelphi Energy says it will unanimously accept a revised takeover offer by AWE Limited subsidiary ARC Energy, advising shareholders to also accept the offer if they are worried about being minority shareholders.
West Perth-based Adelphi Energy has urged its shareholders to take no action regarding an on-market takeover offer launched today by its major shareholder, oil and gas company AWE.
Shares in West Perth-based ARC Energy Ltd will be suspended from trading at the close of business today after the Federal Court approved its merger with Australian Worldwide Exploration Ltd.
