We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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% | 8.11 | 9.16 | 10.96 | 0.00 | 11:19:51 |
SYDNEY (Dow Jones) Peabody Energy Corp. (BTU) is "working through the impact" of the Australian government's planned tax changes on its bid for Macarthur Coal Ltd. (MCC.AU), Macarthur said Tuesday.
In a statement to the stock exchange, Macarthur said that Peabody had completed its due diligence on its takeover bid Monday but had advised Macarthur that the tax plans had to be factored into its decision.
Peabody in April raised an initial offer for Macarthur, a Queensland-based coal miner, to A$16-a-share. But Macarthur's shares yesterday fell nearly 10% on fears that the government's planned 40% tax on resource industry super profits, unveiled Sunday, would encourage Peabody to reconsider its bid.
Macarthur said it is aware this creates uncertainty for shareholders and it would seek to engage with Peabody on additional information that Peabody has requested and on the tax issue.
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 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions