Japan’s Mitsui & Co. enters top bid for AWE takeover

Japan’s Mitsui & Co. has swept into a strong takeover position in the bidding war for Sydney-based AWE with its $602-million (Aus.) all-cash takeover offer. Mitsui threw its hat into the ring last week with a 95¢/share offer for AWE that eclipsed the previous 83¢/share bid from Mineral Resources.