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Australia's Far gets $159.2 mln buyout offer from Remus Horizon

Dec 17 (Reuters) - 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)

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