CAPITAL MARKETS

White rejigs merger deal

AUSTRALIAN clean coal company White Energy has revised its previously announced proposed merger with Asia Special Situation Acquisition Corporation, with the US-listed company to chip in $US100-140 million.

Blair Price

White rejigs merger deal

The new arrangement will see White take control of both the management and board of ASSAC, with White shareholders holding about 83% of the equity in the merged entity. The revised deal has White valued...

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