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Origin rejects BG takeover bid

Source: Lateline Business
Published: Tuesday, August 19, 2008 10:04 AEST
Expires: Monday, November 17, 2008 10:04 AEST

Origin Energy has again rejected a $14 billion takeover bid from the British gas producer BG Group, saying the hostile offer undervalues its business and future prospects. Origin has also announced it has shortlisted candidates to help build a liquefied natural gas project in Queensland.

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Tags: company-news, oil-and-gas, takeovers, australia

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