Reuters: UK's BG makes hostile $13.1 billion Origin bid

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UK's BG makes hostile $13.1 billion Origin bid
      

PERTH (Reuters) - British gas producer BG Group  went hostile on Tuesday, putting a $13.1 billion bid for Australia's Origin Energy  direct to Origin shareholders, as it seeks to boost its position in Asia-Pacific's fast-growing gas market. BG's A$13.8 billion all-cash bid, which values Origin at A$15.50 a share, was rejected by Origin's board last month, with Origin valuing its coal seam gas reserves alone at over $15 billion after it doubled its resource estimate to 1
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