Northern Energy becomes a takeover target

CASHED-up New Hope has made a $A193 million cash offer to acquire Queensland coal explorer Northern Energy Corporation at $1.50 per share – a 43% premium to Wednesday’s closing price.

Northern Energy becomes a takeover target Northern Energy becomes a takeover target Northern Energy becomes a takeover target Northern Energy becomes a takeover target Northern Energy becomes a takeover target

Northern went into a trading halt yesterday over a “non-binding indicative approach”, with New Hope only revealed as the suitor this morning.

New Hope said its offer was also a 57.

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