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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bow Energy Fpo | ASX:BOW | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Bow Energy Ltd. (BOW.AU) on Monday urged its shareholders to accept a sweetened A$534.6 million bid for the coal seam gas company by a joint venture between Royal Dutch Shell PLC. (RDSB.LN) and PetroChina Co. (PTR).
The pair have increased their offer to A$1.52 cash per share from their previous offer of A$1.48, Brisbane-based Bow said in a statement.
Shell and PetroChina plan to feed Bow's gas through a proposed gas export terminal at Gladstone in Queensland state.
Bow shareholders will vote on the offer in mid-to-late December. The board's recommendation is subject to an independent expert report concluding the deal is in shareholders best interests.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com
1 Year Bow Energy Chart |
1 Month Bow Energy Chart |
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