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| Name | Symbol | Market | Type |
|---|---|---|---|
| Citic Resources Holdings Ltd (PK) | USOTC:CTJHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.29 | 10.87 | 12.48 | 2 | 21:00:16 |
From Jul 2019 to Jul 2024
Queensland-based coal miner Macarthur Coal Ltd. (MCC.AU) has agreed to terminate its bid for New South Wales-based Gloucester Coal Ltd. (GCL.AU), Macarthur said Thursday.
In a statement Macarthur said: "Both Macarthur and Gloucester agree that the Macarthur bid for Gloucester will not succeed in its current form."
The original bid came as part of a complex deal between Macarthur and Hong Kong-based commodities trader Noble Group Ltd. (N21.SG), in which Macarthur proposed to buy Noble's stakes in Gloucester and Queensland mine Middlemount in return for Noble gaining a 24% stake in Macarthur.
Macarthur has itself been the subject of a takeover bid from Peabody Energy Corp. (BTU), which on Monday reduced its offer proposal from A$16/share to A$15/share.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Citic Resources (PK) Chart |
1 Month Citic Resources (PK) Chart |
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