Dec 17 (Reuters) - Oil and gas explorer Far Ltd FAR.AX 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)