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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 | - |
From Jul 2019 to Jul 2024
Royal Dutch Shell PLC (RDSA.LN) said Monday its Australian joint venture with PetroChina Co (0857.HK), Arrow Energy Holdings Pty Ltd., has agreed to take over Bow Energy Ltd. (BOW.AU) in a deal that values the coal seam gas producer at A$535 million ($523 million).
Shell said in a statement that the acquisition will allow Arrow to expand its proposed liquefied natural gas project in Queensland from the 4 million metric tons per annum currently planned.
Bow's board has unanimously recommended that investors vote in favor of the A$1.52 a share offer, with an extraordinary shareholder meeting to decide on the deal anticipated to take place in December, Shell said. Subject to approvals, the transaction is expected to be implemented in January 2012.
-By Alexis Flynn, Dow Jones Newswires, +44 207842 9471, alexis.flynn@dowjones.com
1 Year Bow Energy Chart |
1 Month Bow Energy Chart |
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