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Origin and BG trade insults



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Published Date: 19 August 2008
A WAR of words broke out today after Australian energy firm Origin formalised its rejection of a £6.7 billion takeover move by UK exploration firm BG.
Origin accused BG of trying to buy it on the cheap and told its shareholders to reject the proposal from the UK-based oil and gas explorer.

But BG said Origin's response lacked "any substance" and had failed to provide evidence that BG's offer undervalued the firm.

Oil and gas producer BG is eyeing Sydney-based Origin as a route to expanding its presence in the region.





The full article contains 99 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 19 August 2008 1:52 PM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
 

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