Westside reveals that LNGL made $178 million offer

摘要

Singapore—Australian coalseam gas juniorWestSide March 2 revealed that it was LNGLimited that had approached it February 13 withan A$165 million ($178 million) takeover offer.“Based on recent media articles the iden-tity of the potential acquirer can no longerbe considered confidential,” WestSide saidin a statement to the Australian SecuritiesExchange, confirming that the “indicative,conditional, non-binding and confidential”proposal to acquire all WestSide shares atA$0.65 each was put forward by LNGL.