Coal & Allied To Make Announcement On Rio-Mitsubishi Offer
August 25 2011 - 8:56PM
Dow Jones News
Australian coal miner Coal & Allied Industries Ltd. (CNA.AU)
suspended its shares from trading in Sydney Friday, saying it was
preparing to make a statement on the planned takeover offer for the
company by Rio Tinto PLC (RIO) and Mitsubishi Corp. (8058.TO).
The offer would see the two companies, which hold respective
75.7% and 10.2% stakes in the coal miner, buying out minorities in
the business to end up with respective stakes of 80% and 20%. The
A$122 per share indicative bid values the company at A$10.6
billion.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
Coal & Allied Industries (ASX:CNA)
Historical Stock Chart
From May 2024 to Jun 2024
Coal & Allied Industries (ASX:CNA)
Historical Stock Chart
From Jun 2023 to Jun 2024
