Arab Today, arab today rio mitsubishi make offer for coalallied
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Rio, Mitsubishi make offer for Coal & Allied

Arab Today, arab today

Arab Today, arab today Rio, Mitsubishi make offer for Coal & Allied

Washington - AFP

Mining giant Rio Tinto and Mitsubishi Corp. on Monday announced a joint proposal to take over Coal & Allied Industries in an indicative deal that values the company at Aus$10.6 billion (US$11 billion). The conditional, non-binding proposal would see Rio, the world's second biggest miner, and Japan's Mitsubishi acquire all of the shares in Coal & Allied they do not already hold, at Aus$122 each -- a 35.4 percent premium. The two companies, which respectively hold 75.7 percent and 10.2 percent of the miner operating in the Hunter Valley of New South Wales state, would end up with stakes of 80 percent and 20 percent respectively after the offer. Perpetual Ltd is the only other major shareholder, with 6.3 percent of the stock, and Rio said it was supportive of the proposal. Coal & Allied said it received the "incomplete, non-binding, conditional and indicative proposal" from Rio on Saturday. "CNA gives no assurances that the indicative proposal will lead to a takeover offer being made," the company said in a statement. Coal & Allied is Australia's sixth-largest coal miner by output.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rio mitsubishi make offer for coalallied Arab Today, arab today rio mitsubishi make offer for coalallied

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rio mitsubishi make offer for coalallied Arab Today, arab today rio mitsubishi make offer for coalallied

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday