AWE Ltd (AWE.AX)
* Mineral Resources shares drop 8 pct, dragging down bid value
MELBOURNE Australia's Mineral Resources has offered A$484 million ($364 million) for domestic gas producer AWE Ltd , topping a sweetened bid from state-owned China Energy Reserve and Chemicals Group (CERCG).
SYDNEY State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market.
* RBC analysts value AWE well above offer price (Fixes slug, adds CERCG, adviser comments, share price move)
Dec 8 Australian oil and gas producer AWE Ltd said on Friday it has received a revised A$463 million ($347.94 million) takeover offer on a fully diluted basis from state-owned China Energy Reserve and Chemicals Group (CERCG).
Australian oil and gas producer AWE Ltd said on Tuesday it has received a notice from China Energy Reserve and Chemical Group Australia (CERCG) stating that it has formally withdrawn its bid to buy the company.