AUSTRALIA

QGC in position to wrap up Roma buy

QUEENSLAND Gas Company has ground its way past the 90% shareholding mark in Roma Petroleum, and wll now proceed to compulsorily acquire all remaining Roma shares.

This morning the coal seam gas company had received enough acceptances for its 11c in cash and 0.0177 QGC shares offer for each share in its smaller counterpart to raise its stake in Roma to 93.76%. ...

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