Centennial Coal Company Ltd (ASX:CEY) has been advised that its $2.5 billion takeover offer from shareholder Banpu Public Company Ltd has been extended by a week.
The final date has now been extended from September 27 to October 5.
Both Centennial Coal's directors and Banpu shareholders have endorsed Banpu's off market bid of $6.20 per Centennial share.
Centennial Coal Company reported a profit of $51.5 million for the year to 30 June 2010
CEY Price at posting:
$6.08 Sentiment: None Disclosure: Held
