Bow Energy has received an indicative, non-binding and conditional offer of $1.48 cash a share from Arrow Energy Holdings, an Australian coal seam gas company developing an LNG project at Gladstone jointly owned by subsidiaries of PetroChina and Royal Dutch Shell.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.