• Most Popular
  • Most Shared

Australia's Arrow: unaware of any Chinese interest

Wed Aug 12, 2009 8:28pm EDT

Stocks

   

PERTH, Aug 13 (Reuters) - Arrow Energy Ltd (AOE.AX), a coal seam gas producer in Australia, said on Thursday it was not aware of any Chinese interest and that it has not received any takeover offers.

Arrow, a partner with Royal Dutch Shell (RDSa.L), said it has held talks with various parties on its coal seam gas assets and while those discussions have included talks on a potential change of control, it was unaware if any change of control proposal was forthcoming.

It made the comments in response to a query from the Australian stock exchange on movements in its share price after a media report that Chinese interests had targetted the company. (Reporting by Fayen Wong)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review