NWE norwest energy nl
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Jan 10 (Reuters) - Australia's oil and gas explorer Norwest...

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    10/01/23
    16:55
    Post #: 65621053

    Jan 10 (Reuters) - Australia's oil and gas explorer Norwest Energy NL (NWE) on Tuesday recommended that its shareholders reject the unsolicited bid by Mineral Resources Ltd (MIN) , which had an implied equity value of about A$403 million ($278.71 million).

    The company said the bid does not appropriately value Norwest's Perth Basin assets and has been "opportunistically timed". ($1 = 1.4459 Australian dollars)

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