Australia, Company news, Gas, Location, Markets, News, Online Subscription, People and policy
Shell moves to acquire ERM
Shell will purchase 100 per cent of ERM for a price of $2.465 per share, representative of a 38.4 per cent premium on the one month volume weighted average price of an ERM share of $1.78. The deal still requires shareholder approval but has been endorsed by the ERM board. ERM is an energy generation, …