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Allgas board supports Energex bid

Michael O'Meara

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The Queensland Government-owned electricity supplier Energex strengthened its grip on $250 million takeover target Allgas Energy Ltd yesterday by securing close to 75 per cent.

The Allgas board recommended the Energex offer of $23 a share yesterday in the absence of a higher bid.

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    Original URL: https://www.afr.com/politics/allgas-board-supports-energex-bid-19980710-k87ww