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’.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016