CEY way too dangerous with the takeover about to fail
------------------------------------
0900 [Dow Jones] Austral Coal (AUO.AU) set to head back to record high A$1.43 struck mid-March after Glencore shows its hand with 12.4% stake, hints rival cash bid might be in offing. Xstrata, which is controlled by Glencore and still licking its wounds after failed A$8.2 billion bid for WMC (WMR.AU), could be bid vehicle. AUO last A$1.34; Centennial Coal (CEY.AU) has about 30% of target under friendly 10-for-37 share swap offer that values AUO at A$1.31. (IGP)
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
