From Reuters:
PERTH, Aug 20 (Reuters) - Queensland Gas Company Ltd (QGC.AX: Quote, Profile, Research)(QGC), an Australian coal seam gas producer, has made a takeover offer worth about A$800 million ($696 million) to smaller rival Sunshine Gas Ltd (SHG.AX: Quote, Profile, Research), a source with knowledge of the deal said on Wednesday.
"It is a cash and scrip offer," said the source, who declined to be identified because of commercial sensitivities.
QGC on Wednesday requested a halt in the trading of its shares and said an announcement was likely later in the day. ($1=A$1.15) (Reporting by Fayen Wong)
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