AWE's board has backed Mineral Resources' takeover offer, after the latter improved the conditions of its offer

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AWE's board has backed Mineral Resources' takeover offer, after the latter improved the conditions of its offer. Mineral Resources are now offering AUD526 million, AUD0.83 a share, through AUD0.415 in cash and between 0.0198 and 0.0277 Mineral Resources shares per AWE share. AWE shareholders will have the option of receiving either 100% cash or 100% scrip. Allocations may be scaled back to ensure the total consideration paid is split evenly between cash and scrip. CERCG still has the opportunity to put in a counter-offer
List of the country updates

Country updates

  • December 20, 2017

    Alliant Energy has concluded the acquisition agreement of the wind asset

  • December 20, 2017

    Alliant Energy has concluded the acquisition agreement of the wind asset

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  • December 20, 2017

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  • December 20, 2017

    The project started its commercial operations

  • December 19, 2017

    Vestas gets the order to provide the wind turbines for the project

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