(EnergyAsia, May 7, Thursday) — Singapore-listed commodities trader Noble Group Ltd said it has raised its cash offer for Australia’s Gloucester Coal by 24% to A$6 per share if the latter’s proposed merger with Whitehaven does not proceed. (US$1=A$1.4).Noble said its revised offer represents a 91% premium to the closing price of Gloucester shares on…
AUSTRALIA: Noble Group increases cash offer for Gloucester Coal by 24% to A$6 per share
Posted on May 6, 2009 by EnergyAsia