AUSTRALIA

QGC closes book on $895M Sunshine Gas offer

QUEENSLAND Gas Company will proceed with the compulsory acquisition of the remaining shares in Sunshine Gas after its $895 million offer for the coal seam gas company closed on Friday.

Marija Stojkovic

The company said it had received 98.31% of the ordinary shares in Sunshine. QGC offered Sunshine shareholders two alternative offers of five QGC shares for every eight Sunshine shares or $1.65 cash...

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