CORPORATE ACTIVITY
Mitsui & Co won a three-way bidding war to take over Australia's AWE, after rival Mineral Resources failed to match the Japanese trading giant's A$594-million offer.
Assuming the deal goes ahead, it would mark Mitsui's first takeover of an Australian company and give it a 50% stake in the country's biggest onshore conventional gas find in 40 years at a time when local gas demand is soaring.
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