From Reuters: PERTH, Aug 20 (Reuters) - Queensland Gas Company...

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)