M&A

Rey directors knock back another offer

REY Resources' directors have rejected the cash takeover offer from Hong Kong-based asset management group Crosby Capital of 19.5c per share, partly because it is lower than the coal explorer's current $15 million equity raising efforts at 20c per share.

Blair Price

Rey directors knock back another offer

The directors, who hold 19% of the company, noted that the share price closed at 24.5c on Thursday, a 26% premium to Crosby's bid. New South Wales coking coal producer Gujarat NRE Minerals extended...

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