S&P Global Platts: Parent Company Says Magnolia LNG Could Be Saved If Buyout Offer Accepted
February 29, 2020
February 29, 2020
HOUSTON, Texas, Feb. 29 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Australia's LNG Limited urged shareholders Friday to accept a buyout offer from a Singaporean investor with ties to floating regasification facilities in Asia and Europe in a bid to save its Magnolia LNG export project in Louisiana.
The deal, which values the company at $75 million (A$114 million), follows the developer's warning January 31 that it must immediate . . .
Australia's LNG Limited urged shareholders Friday to accept a buyout offer from a Singaporean investor with ties to floating regasification facilities in Asia and Europe in a bid to save its Magnolia LNG export project in Louisiana.
The deal, which values the company at $75 million (A$114 million), follows the developer's warning January 31 that it must immediate . . .