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AEP swoops in with Armour bid

The board of Australian company Armour Energy has backed a proportional takeover offer from Aubrey McClendon’s American Energy Partners (AEP), labelling it as an improved offer to the A$60.9 million (US$44.1 million) deal it backed earlier from China's Landbridge Group.

Tying up a deal: Aubrey McClendon’s AEP has launched a partial takeover of Armour as it looks to save a farm-out deal with the Australian company
Tying up a deal: Aubrey McClendon’s AEP has launched a partial takeover of Armour as it looks to save a farm-out deal with the Australian company
Published 27 October 2015, 01:19Updated 17 October 2016, 12:14
Asia & Oceania