Deals for three Aussie resources companies
M&A activity in the Australian resources sector defies the recent drop in global commodity prices.
Consolidation in the Australian resources sector continued unabated this week with three MA deals reaching critical stages.
The first is a new takeover bid for Queensland Gas Co QGC which values the coal seam gas company at A$606 million $454 million. Santos - one of Australia's largest oil and gas producers - made the A$1.26 per share all-cash offer on Thursday.
Santos and advisors Caliburn Partnership mounted an on-market purchase of QGC shares earlier in the week, picking...
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