AWE to buy Arc Energy for $508m
Oil and gas producer Australian Worldwide Exploration is proposing to buy oil firm Arc Energy for $508 million in a cash and share deal, a source familiar with negotiations said.
``Its a cash and share deal which will value Arc at about $1.58 a share,'' said the source who declined to be identified because he was not authorised to speak on the matter.
Shares in AWE and Arc Energy were placed on trading halt on Thursday ahead of an announcement about a proposed transaction.
from www.smh.com.au
11:18am this was reported
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15.0¢ |
Change
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Mkt cap ! $46.88M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $346.0K | 2.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 473462 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1683401 | 24 |
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