CAPITAL MARKETS

Cockatoo taps market for acquisition funds

COCKATOO Coal has launched a fully underwritten $A150.8 million equity raising to fund its share of a $580 million consortium bid to acquire five undeveloped Australian coal leases from Anglo American Metallurgical Coal.

Blair Price
Cockatoo taps market for acquisition funds

The equity raising consists of a $96.4 million “2-for-5” accelerated renounceable pro-rata entitlement offer at an issue price of 40c per new Cockatoo share, plus a $54.4 million institutional share placement....

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