SOUTH Korean giant Posco has improved its takeover offer for Senex Energy to $4.60 per share, and may partner with Hancock International on the deal. The Gina Rhinehart-owned company already partners with Posco in a Pilbara iron ore mine, Roy Hill, in Western Australia.
The takeover offer is not dependent on the company joining, however. Approval by the Foreign Investment Review Board, overseen by Treasurer Josh Frydenberg, is necessary. FIRB knocked back a...
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