Reject Xstrata: Resource Pacific

RESOURCE Pacific today recommended its shareholders reject Xstrata Coal's $A2.85 per share bid for the company, labelling the offer

Reject Xstrata: Resource Pacific Reject Xstrata: Resource Pacific Reject Xstrata: Resource Pacific Reject Xstrata: Resource Pacific Reject Xstrata: Resource Pacific

Resource Pacific's recommendation was backed by an independent expert's report by InterFinancial's Victor Rudenno, which valued the company's shares at $3.56 to $4.09, with a preferred value of $3.

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