Australia's Roma board recommends QGC bid

Tue Jul 15, 2008 10:12pm EDT
 
[-] Text [+]

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)

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better