Origin Energy Limited has made an off market cash offer of A$4.25 per share to acquire all the ordinary shares in Oil Company of Australia (OCA) Limited that it does not already own. (US$1=A$1.5). Origin currently holds 85.23% of the issued capital of OCA. Under a pre-bid agreement, Santos has agreed to accept the offer…
AUSTRALIA: Santos sells OCA to Origin Energy at A$4.25 a share
Posted on July 16, 2003 by EnergyAsia