Australia's Sino Gas & Energy accepts $401m takeover offer from Lone Star

Australia's Sino Gas & Energy accepts $401m takeover offer from Lone Star

Photo: Reuters

Australia’s Sino Gas & Energy Holdings Ltd agreed on Wednesday to a A$530 million ($401 million) takeover offer from U.S. private equity firm Lone Star, saying the risks the company faces in China justified putting the bid to a vote.

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