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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 | 11.22 | 12.59 | 15 | 21:01:34 |
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
1 Year Citic Resources (PK) Chart |
1 Month Citic Resources (PK) Chart |
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