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CTJHY Citic Resources Holdings Ltd (PK)

11.29
0.00 (0.00%)
02 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 10.87 12.48 2 21:00:16

Peabody Lowers Offer For Macarthur Coal To A$15/Share

10/05/2010 9:10am

Dow Jones News


Citic Resources (PK) (USOTC:CTJHY)
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Macarthur Coal Ltd. (MCC.AU) said Monday it received a lower takeover proposal from Peabody Energy Corp. (BTU).

The American coal company is offering Macarthur Coal Ltd. (MCC.AU) shareholders A$15 cash for each share, down from a prior offer for A$16 a share offer, Macarthur said.

Peabody remains willing to offer Macarthur's three major shareholders, Citic Resources Holdings (1205.HK), ArcelorMittal (MT) and Posco (005490.SE) the opportunity to retain their economic interest in Macarthur.

Macarthur has fallen in value on the Australian share market since the Australian government announced a plan that could substantially raise taxes in the resources sector. Since the plan was announced, Macarthur's shares have fallen to A$13.69, from A$15.47, or 11.5%.

Macarthur advised shareholders to take no action.

-By Cynthia Koons; Dow Jones Newswires; 61-2-8272-4691; cynthia.koons@dowjones.com

 
 

1 Year Citic Resources (PK) Chart

1 Year Citic Resources (PK) Chart

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1 Month Citic Resources (PK) Chart