M&A

Stanmore gets takeover offer

TWO days after completing the acquisition of the Ravenswood gold mine in Queensland, Singapore's Golden Investments has launched an on-market takeover bid for Stanmore Coal.

 Stanmore's Isaac Plains coal mine in Queensland

Stanmore's Isaac Plains coal mine in Queensland

Golden is already Stanmore's largest shareholder with 31.35% after an unsuccessful A95c per share off-market takeover offer in late 2018. The unconditional $1 per share offer represents a 22% premium...

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