Sweeter Proposal Leads Coalworks to Recommend Whitehaven Bid

Mining Weekly reported that Coalworks (ASX:CWK) will recommend Whitehaven’s (ASX:WHC) sweetened takeover bid.

As quoted in the market news:

In addition to declaring the offer unconditional, Whitehaven has also agreed to distribute Coalworks’ 33% shareholding in Orpheus Energy to shareholders, post the merger, adding another 2.5c to the A$1-a-share offer price.

Click here to read the full Mining Weekly report.