GCL 0.00% $3.54 gloucester coal ltd

i wonder who is buying , with GCL bid for noble's piece it means...

  1. 202 Posts.
    i wonder who is buying , with GCL bid for noble's piece it means the deal of Noble buying gcl at $12 will terminate if thats the case i dont see gcl to be worth $12 , would guess it be be $6 at the most .Is there much to this story than what i understand ?
 
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Currently unlisted public company.

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