Sept 6 (Reuters) - Pacific Energy Ltd (PEA) :
- UPDATES ON A PROPOSAL FROM QIC PRIVATE CAPITAL TO ACQUIRE 100% OF PACIFIC ENERGY BY WAY OF A SCHEME OF ARRANGEMENT
- INTENDS TO PAY A SPECIAL DIVIDEND TO SHAREHOLDERS OF 6.5 CENTS PER SHARE, CONDITIONAL UPON SCHEME BECOMING EFFECTIVE
- DIRECTORS OF PACIFIC ENERGY UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS APPROVE SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL