Mitsui bids to take over Australian oil and gas producer AWE

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Mitsui bids to take over Australian oil and gas producer AWE

Mitsui and Co. has submitted non-binding and conditional proposal to Australian oil and gas producer AWE Ltd, for all of its shares, at AUD0.95 (US$0.75) each, which values the company at about AUD594 million (US$470.5 million). This is the third takeover bid that AWE has received in two months.

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