M&A

Tug of war for Rey

A NEW takeover offer for Canning Basin-focused Rey Resources has emerged as Hong Kong-based asset management group Crosby Capital joins Gujarat NRE Minerals in the tussle for control of the company.

Claire Svircas
Tug of war for Rey

Gujarat, an Australia-listed subsidiary of Indian coking coal producer Gujarat NRE Coke, launched an offer back in June of either A9c cash per share or one share for every five Rey shares. Shares in Gujarat...

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