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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Corona Resources Ltd (delisted) | ASX:CNA | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
Rio Tinto PLC (RIO) and Mitsubishi Corp. (8058.TO) will pay 122 Australian dollars (US$126) per share to buy out minorities in Australian coal miner Coal & Allied Industries Ltd. (CNA.AU), in an indicative deal that values the company at A$10.6 billion, the target said Monday.
The two companies, which hold respectively 75.7% and 10.2% of the miner operating in the Hunter Valley of New South Wales state, would end up with stakes of 80% and 20% respectively after the offer, they said.
Perpetual Ltd. (PPT.AU) is the only other major shareholder, with 6.3% of the stock. Coal & Allied said it received the "incomplete, non-binding, condition and indicative proposal" from Rio on Saturday 6 August.
"CNA gives no assurances that the indicative proposal will lead to a takeover offer being made," the company said.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Coal & Allied Industries Chart |
1 Month Coal & Allied Industries Chart |
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