Origin, the top player in Australia’s fast-growing coal-seam gas sector, said
the British gas major had made an approach to acquire its shares for $A14.70 in
cash – a 40% premium to the closing price on Tuesday, according to The
Frank Chapman, BG chief executive, signaled his company’s intentions last
month on a visit to Australia, saying the company had for some time been looking
for ‘a source of equity supply in the Asia-Pacific basin’.
Origin has already been a takeover target. Last year it knocked back a
proposed $A14bn merger with AGL Energy, Australia’s biggest power retailer,
saying the offer had ‘little upside’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements