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Duet Group Ltd. announces its acquisition of Energy Developments Ltd., valuing the waste natural gas supplier at nearly 1.92 billion Australian dollars. Duet offers A$8 per share, representing a 3.6% premium over the last traded price. The deal aims to strengthen Duet's position in the energy sector, particularly in extracting gas from mine sites and garbage dumps. Duet plans to launch a equity raising to fund the cash bid.
Saturday, 18 July, 2015