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Sinopec and the new Austrian energy to the China issued an offer of fuel gas development is not well. After China gas board said "purchase offer completely not being invited, not necessarily will" later, the company's 4000 employees also out against a voice, give this acquisition will bring about greater resistance.
Recently, China gas issued announcement says, the company received an offer employees out against the two letters, and by 4000 employees sign, and some of the staff is shareholders and (or) equity holders. Notice also says, circulars expressed for the purchase offer employees to the company's business and natural gas industry competition in China and the development of the potential adverse effect on worries. In addition, the staff is still in letter to show that the current management of trust, think that they are effective management company in the future the best choice.
To this, zhuo and information ΠXuan think analysts lee, China gas employees may worry about leadership will be adjusted after the acquisition, management concept and because the different, their interests will be affected. "If China gas is New Orleans and sinopec acquisitions from market perspective, but can enhance the competitive position of China gas. So, if do not belong to a hostile takeover, usually is acceptable to all." She said.
December 13, 2011 sinopec and the new Austrian energy to China to launch a takeover offer gas to hk $3.5 a share to acquire Chinese gas all shares outstanding, involves the amount as high as 16.7 billion hk dollar.
The board of directors of the gas in China at that time made a "strong" response, not only says the takeover offer "completely not being invited; of opportunism properties", and emphasize "failed to reflect the basic value".