Cokal bid dropped after investor backlash

DISCOVERY Metals’ white knight, Singapore-listed Blumont Group, quickly pulled out of a $A124 million takeover bid for Indonesia-focused coal explorer Cokal on Friday.

Cokal bid dropped after investor backlash Cokal bid dropped after investor backlash Cokal bid dropped after investor backlash Cokal bid dropped after investor backlash Cokal bid dropped after investor backlash

Blumont announced on Friday that it reached agreement on commercial terms for a proposed takeover bid to fully acquire all shares of an unnamed foreign-listed coal company for consideration of up to