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Sweeter Proposal Leads Coalworks to Recommend Whitehaven Bid
Jun. 15, 2012 12:22PM PST
Industrial MetalsMining Weekly reported that Coalworks (ASX:CWK) will recommend Whitehaven’s (ASX:WHC) sweetened takeover 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.
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