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Senex to invest more than A$1 billion to boost Australia s gas supply

Senex to invest more than A$1 billion to boost Australia s gas supply
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Posco s acquisition of Senex becomes legally effective

Posco International, a unit of steel giant Posco, in December agreed to acquire Senex for A$885mn.

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Senex Energy takeover backed by independent expert

The expert has approved the $4.60 a share takeover but warns that shareholders bullish about long-term oil and gas prices might view the offer as “inadequate.”

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Australia: Senex enters into binding scheme implementation agreement with POSCO INTERNATIONAL Corp

Senex Energy has entered into a binding Scheme Implementation Agreement with POSCO INTERNATIONAL Corporation, whereby PIC will acquire 100% of Senex’s shares for a cash offer price of A$4.60 per share.

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