AWE faces fresh bid

AWE Limited has received takeover bid from Mineral Resources, which follows closely from China Energy Reserve and Chemical Group’s (CERCG) takeover bid last week.

AWE received the offer from Mineral Services (MRL) last Friday, which offered $0.80 per share (structured as one new MRL share for each 22.325 AWE shares held), to be effected via a scheme of arrangement.

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