I have a feeling that CITIC Resources or Yancoal may buy NEC and/or the New Acland mine off NHC rather than buy out NHC itself.
CITIC cashing out of MCC could mean they can buy direct mines rather than holding on a stake of a company.
Also I said before I find it hard to understand any logic with any company who would takeover the whole NHC for $6b, which means you are paying a premium to buy cash ($1.5b NHC holds and CSG stakes NHC holds).
http://hotcopper.com.au/post_single.asp?fid=1&tid=1566428&msgid=8990269
http://www.smh.com.au/business/peabody-poised-to-seal-macarthur-takeover-as-chinese-sell-out-20111021-1mcaq.html
post-mcc coal industry
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Last
$4.80 |
Change
0.100(2.13%) |
Mkt cap ! $3.905B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.81 | $4.72 | $826.7K | 173.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8717 | $4.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 4426 | 4 |
View Market Depth
| Last trade - 10.20am 02/12/2024 (20 minute delay) ? |
| NHC (ASX) Chart |
