Origin Energy Limited (Origin) notes that BG Group plc (BG) has announced that it does not intend to extend the period of its Offer to acquire all the shares in Origin and that it expects the Offer to lapse on 26 September with conditions unsatisfied.
Origin acknowledges BG’s prompt response following Origin’s announcement on Monday that ConocoPhillips will pay up to A$9.6 billion for a 50% share in a CSG to LNG joint venture.
Origin shareholders who accepted BG Group’s takeover offer will retain their Origin shares if the offer lapses as expected on 26 September 2008.
