bul and sgl merger speculation

BLUE ENERGY RESPONDS TO MEDIA SPECULATION
In response to speculation about a possible transaction involving Blue Energy Limited (ASX: “BUL”) and Sydney Gas Limited (ASX: “SGL”), Blue Energy’s chairman, Mr Nick Stretch, confirms that the two companies have had informal discussions about a number of potential proposals any of which may or may not reach a stage where an announcement is appropriate.
The directors of Blue Energy will inform the ASX and shareholders immediately if and when a proposal is sufficiently developed to be appropriate for disclosure. Mr Stretch said that to disclose the nature of such preliminary discussions may have the effect of
misleading the market.
Until appropriate, no further comment or announcement will be made by Blue Energy.
Nick Stretch,
Chairman,