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Yancoal confirms $2.5B takeover approach

Glencore and other minority shareholders offered 'lowball' offer by Chinese owner

Haydn Black
A takeover bid has been confirmed for Australian coal player

A takeover bid has been confirmed for Australian coal player

The deal values Yancoal at US$3.60 per share (about A$5.07 per share at current exchange rates), a steep discount to the prevailing trading prices of Yancoal shares on ASX and the Hong Kong Stock Exchange...

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