Mitsubishi accepts Yancoal offer

MITSUBISHI Development has accepted Yancoal Australia’s “tag-along” offer for its 32.4% stake in the Rio Tinto-controlled Hunter Valley operations joint venture.

Mitsubishi accepts Yancoal offer Mitsubishi accepts Yancoal offer Mitsubishi accepts Yancoal offer Mitsubishi accepts Yancoal offer Mitsubishi accepts Yancoal offer

It was a condition of Yancoal’s US$2.45 billion bid for Rio’s stake that it make a tag-along offer to minority partner Mitsubishi.