Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizon PCC Ltd.
Remus' offer values Far at 2.1 Australian cents per share, the company said, representing a premium of 90.9% to its last close of A$0.011.
($1 = 1.3170 Australian dollars)
(Reporting by Nikhil Subba in Bengaluru; Editing by Aditya Soni)
