(Adds details on offer, background)
Aug 7 (Reuters) - Australia's Stanmore Coal Ltd (SMR) said on Wednesday it had received a takeover proposal worth between A$384.2 million ($257.34 million) and A$435.4 million from coal company Winfield Energy.
The offer of an indicative price between A$1.50 and A$1.70 per share in cash for Stanmore represents a premium of 20.5% to 36.5% to the company's last close.
The disclosure comes at a time when Stanmore's top shareholder Golden Investments (Australia) Pte last month requested board changes including removal of the miner's managing director and chairman as directors.
Last November, Stanmore rejected the A$0.95 per share acquisition offer from Golden Energy and Resources Ltd GOLD.SI , the parent company of Golden Investments.
Australia-based Winfield Energy has conducted initial due diligence and is seeking more time for due diligence.
($1 = A$1.4930)
News: SMR UPDATE 1-Australia's Stanmore Coal gets takeover bid from Winfield Energy
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Last
$2.29 |
Change
-0.070(2.97%) |
Mkt cap ! $2.064B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.41 | $2.28 | $3.288M | 1.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20331 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 19842 | 4 |
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| Last trade - 16.12pm 28/07/2025 (20 minute delay) ? |
| SMR (ASX) Chart |