Bg Group Turns Hostile with [Pounds]7bn Bid for Origin ; Energy

Summary


BG GROUP, the exploration arm of the old British Gas, today went hostile with its near-[pounds]7 billion takeover bid for Australias Origin Energy.

Having been rejected by Origins board with its A$13.8 billion bid, it is now taking it directly to its targets shareholders.

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Extract


Bg Group Turns Hostile with [Pounds]7bn Bid for Origin ; Energy

BG sees Origin as a valuable part of its strategy to expand in supplying liquefied natu...

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