When Norwest directors recommended shareholders accept Mineral Resources’ (MinRes) increased takeover offer earlier this week, it solidified the latest chapter in an increasingly competitive battle for gas assets in the Perth Basin.
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Mineral Resources (MinRes) managing director Chris Ellison has told Norwest shareholders they should accept his company’s $403 million offer.
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Mineral Resources (MinRes) has announced it will donate $500,000 to the Lord Mayor’s Distress Relief Fund Appeal (LMDRF) to help communities affected by the Kimberley floods.
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Norwest Energy has urged shareholders to refuse Mineral Resources’ (MinRes) unsolicited $403 million takeover offer, calling it “opportunistically timed”.
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Gina Rinehart’s Hancock Prospecting has increased its takeover bid for Warrego Energy after Mineral Resources (MinRes) entered the fray for the Perth Basin gas player.
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