FAR 1.08% 47.0¢ far limited

News: FAR Australia's FAR Ltd receives $170 mln takeover offer from Russia's Lukoil

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    Feb 17 (Reuters) - Australian oil & gas explorer FAR Ltd (FAR) said on Wednesday it received a non-binding, indicative takeover offer from Russian energy giant PJSC Lukoil LKOH.MM that valued the company at A$220 million ($170.37 million).

    FAR said Lukoil offered 2.2 Australian cents in cash per share, which is double the company's last close price.

    ($1 = 1.2913 Australian dollars)

 
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