Posted AT 6:50 AM EST on 19/08/08
Origin rebuffs $12-billion BG takeover bid
PERTH/LONDON — — Australia's Origin Energy Ltd. said it had short-listed several potential partners to develop its gas assets as it seeks to fend off a $12-billion (U.S.) takeover bid from Britain's BG Group Plc.
Origin argues teaming up with a major energy group to build a liquefied natural gas plant that would be fed by its large coal seam gas (CSG) beds may deliver better value for shareholders than BG's $15.50 (Australian)/share bid.
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