Banpu To Make Tender Offer For Hunnu Coal At A$1.80/Share
12 Setembro 2011 - 12:44AM
Dow Jones News
Thai coal miner Banpu PCL (BANPU.TH) said Monday it plans to
make a cash tender offer to buy the 88% of Australia-listed Hunnu
Coal Ltd. (HUN.AU) it doesn't already own at A$1.80 a share.
Hunnu has several pre-development coal projects in Mongolia.
Hunnu's board has unanimously recommended that the company's
shareholders accept Banpu's offer in the absence of a superior
proposal, Banpu said in a statement to the Stock Exchange of
Thailand.
-By Phisanu Phromchanya, Dow Jones Newswires; 662-690-4200;
phisanu.phromchanya@dowjones.com
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