AUSTRALIA

Direct takeover too expensive: LNG Ltd

LNG Limited chief executive Maurice Brand has opened up on why it chose to pull out of a potential takeover of WestSide Corporation, calling the associated development costs prohibitive for a company of its size.

James McGrath

Earlier this week, WestSide revealed that it had received an indicative non-binding offer for 52c per share, or about $185 million. The bidding party also requested more time for due diligence. Market...

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