New Hope ups offer for NEC

NEW Hope has lifted its hostile cash takeover bid for Queensland coal explorer Northern Energy Corporation by 17% to $A1.75 per share.

New Hope ups offer for NEC New Hope ups offer for NEC New Hope ups offer for NEC New Hope ups offer for NEC New Hope ups offer for NEC

The coal producer has also waived many conditions and its revised offer is now subject to a 50.1% minimum acceptance condition.

New Hope managed to get a 4.94% stake of NEC through its previous $1.

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