The takeover of oil and gas company AWE (ASX:AWE) by one of Japan’s big five trading houses Mitsui & Co is now unconditional.
Mitsui has claimed over 50 per cent of the company.
They first announced plans at the end of January with an offer of 95 cents per share, representing $602 million in total for 100 per cent of AWE — previously Mitsui had offered 83 cents per share in December 2017.
Mitsui’s stake in AWE now stands at 51.89 per cent and AWE shareholders who accepted the offer will now receive their consideration within seven business days of acceptance being received.
Shares in AWE (ASX:AWE) are down 0.79 per cent to $0.95