CAPITAL MARKETS

Noble panel application to cull coal merger

COMMODITIES trader Noble Group has made an application to the Takeovers Panel in a bid to scuttle the proposed merger between Gloucester Coal and Whitehaven Coal.

Blair Price
Noble panel application to cull coal merger

On Friday, Noble – a 21.7% shareholder of Gloucester – launched an off-market cash takeover offer to Gloucester shareholders at a premium of $A4.85 per share, 54.2% higher than before the initial merger...

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