PREMIUM FEATURES

Takeover bid sees QGC shares soar

DESPITE current market volatility, investors this week gave the stamp of approval to BG Group's announcement of a $5.2 billion takeover offer for Queensland Gas Company.

Marija Stojkovic

On Tuesday, UK gas major BG made its expected takeover bid for QGC, offering QGC shareholders $5.75 for each share they own. The on-market all-cash offer has been unanimously recommended by QGC's directors...

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