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Australia's Roma board recommends QGC bid

Tue Jul 15, 2008 10:12pm EDT

Stocks

   

PERTH, July 16 (Reuters) - The board of Australian energy firm Roma Petroleum NL RPM.AX said on Wednesday shareholders accept the revised takeover offer from Queensland Gas Co Ltd QGC.AX(QGC).

Roma said in a statement that the rival bid by Bow Energy Ltd (BOW.AX) was not superior to the offer made by QGC. (Reporting by Fayen Wong, editing by Denny Thomas)



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