Jan 31 (Reuters) - Australia's AWE Ltd said on Wednesday it would give suitor Mineral Resources the opportunity to sweeten its A$0.83 per share takeover offer, after Japan's Mitsui & Co's offer for the gas producer, which was nearly 15 percent higher.
AWE said in a statement it has issued a notice to Mineral Resources notifying the same, which gives Mineral Resources three business days to match the Mitsui Proposal, expiring onFeb. 2.
AWE said it would enter into a bid implementation deed with Mitsui if Mineral Resources didn't match its offer. The board would continue recommending the Mineral Resources offer during the period, it added.
(Reporting By Rushil Dutta in Bengaluru)
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