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QCT rejects MetCoal takeover offer

QUEENSLAND coal miner QCT Resources today told its shareholders to reject an $830 million takeove...

Greg Tubby

"Your directors believe that MetCoal's offer of $1.20 per share is inadequate and undervalues your company," QCT said. QCT said the offer values its Central Queensland Coal Associates (CQCA) and Gregory...

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