talks
Whitehaven Coal (WHC) and Aston Resources (AZT) confirm that both the coal miners are in discussions for a possible $ 4.65 billion merger. A deal like such can bring a combined company to the first rank of Australian coal producers.
Whitehaven Coal (ASX:WHC) has rejected all bid proposals from potential buyers after deciding that none of the offers were significantly appealing enough to pitch to its shareholders.
Sources have said that Whitehaven wanted bids that are at least $7.50 per share. This would peg the target at around $3.7 billion.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
