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Banpu Offer to Acquire Australia’s Hunnu Coal for About A$477 Million
Sep. 12, 2011 12:32PM PST
Industrial MetalsBloomberg reported that Banpu Plc (BAK:BANPU) is offering to purchase 100% of Hunnu Coal (ASX:HUN) to gain full control over the company.
Bloomberg reported that Banpu Plc (BAK:BANPU) is offering to purchase 100% of Hunnu Coal (ASX:HUN) to gain full control over the company.
The market news is quoted as saying:
Banpu, which owns about 12 percent of Hunnu Coal, is offering A$1.80 cash for each share, the Bangkok-based company said today in a statement. That’s 30 percent more than the Sept. 8 close of the Perth-based company, whose board today unanimously recommended the bid.