Business Services Industry
Centennial close to Austral majority.(Austral Coal Limited)(Brief Article)
Australasian Business Intelligence, April, 2005 by Wisenthal, Stephen
Apr 06, 2005 (The Australian Financial Review - ABIX via COMTEX)
In Australia, Centennial Coal is close to gaining control of takeover target Austral Coal. By late on 6 April 2005 it had 46.6% acceptances, and Austral shareholders have a deadline of 7 April 2005 to accept or forgo Centennial's interim dividend of $A0.06 a share. Centennial chief financial officer Robert Dougall said it looked "fairly certain" that his company would go over the 50% level needed for control. He suggested that Swiss-based shareholder Glencore might sell, despite being speculated about earlier as a potential counter-bidder for Austral.
Publication Date: 7 April 2005
CENTENNIAL COAL COMPANY LIMITED -
ASX CEY:
AUSTRAL COAL LIMITED - ASX AUO:...
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