Delegation understood to be in China as talks near conclusion.
Goldman Sachs, Deutsche hired for IPO or trade sale.
Tim Hunter talks about Tegel on NBR Radio and on demand on MyNBR Radio.
Shareholder backtracks on statement rejecting takeover offer.
Analyst says higher offer required for successful takeover.
Research puts 12-month target of $A1.55 on the retailer, just under implied takeover price.
Potential sale of gas assets could generate more than $1b, but shareholders shouldn’t hold their breath for a distribution.
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