Centennial wins battle for Austral.(Centennial Coal acquires Austral Coal)(Brief Article)

Australasian Business Intelligence, April, 2005 by Tubby, Greg

Apr 07, 2005 (The Courier-Mail - ABIX via COMTEX)

Centennial Coal had acquired 51.4 per cent of Austral Coal by the close of trade on 7 April 2005. This means that its all-scrip offer has been successful. Concerns emerged about the fate of the bid after news that Swiss commodities trader, Glencore International, had acquired 12 per cent of Austral. Glencore told investors that it might launch its own takeover bid for the Australian coal miner. Shares in Centennial gained $A0.24 to close at $A5.01, while Austral finished $A0.04 down at $A1.36.

Publication Date: 8 April 2005

CENTENNIAL COAL COMPANY LIMITED -

ASX CEY:

AUSTRAL COAL LIMITED - ASX AUO:

GLENCORE INTERNATIONAL AG

By Greg Tubby

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