AUSTRALIA

Arrow makes a pass at Bow

THE next round of consolidation in the coal seam gas sector has continued, with Bow Energy receiving an indicative, non-binding all cash takeover offer from Arrow Energy that values the CSG player at around $520.5 million.

Marija Stojkovic

Arrow, which was bought by Shell and PetroChina last year, is proposing to acquire all of the issued capital in Bow at a price of $1.48 per share via a scheme of arrangement or other agreed structure....

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