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CTJHY Citic Resources Holdings Ltd (PK)

11.29
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
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 11.22 12.59 15 21:01:34

Macarthur Coal Extends Offer For Gloucester Coal To May 13

28/04/2010 9:46am

Dow Jones News


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SYDNEY (Dow Jones) Macarthur Coal Ltd. (MCC.AU) said Wednesday it has extended its offer for Gloucester Coal Ltd. (GCL.AU) to May 13.

In a statement released after the market had closed, the company confirmed its linked bid for Queensland-based miner Middlemount was terminated but extended the time for Gloucester shareholders to decide on the offer.

Macarthur had planned to buy both assets from Noble Group Ltd. (N21.SG), a Hong Kong-based commodities trader, in exchange for shares which would turn Noble into Macarthur's biggest shareholder.

Macarthur is the target of a separate takeover offer from the U.S.-based Peabody Energy Corp. (BTU).

Last week it gave Peabody access to a data room to conduct due diligence as it considered its A$4.07 billion takeover bid, and gave it until May 3 to come to a decision.

-By David Fickling, Dow Jones Newswires; 61-2-8272-4689; david.fickling@dowjones.com

 
 

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