M&A

Yancoal and Gloucester outline merger plans

YANZHOU Coal has announced an $A8 billion merger with Gloucester Coal and its Australian Yancoal subsidiary which will see the Chinese giant own 77% of Australia's largest independent coal mining company.

Lau Caruana
Yancoal and Gloucester outline merger plans

Under the terms of the proposal, Gloucester shareholders would be given $3.20 in cash and the option to receive either shares in the merged company or a combination of shares and contingent value rights...

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