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Advises shareholders to take no action with TerraCom offer

  1. Herald1337
    471 Posts.
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    07/02/20
    13:08
    Post #: 42801996

    Universal Coal (ASX:UNV) tells shareholders to take no action with TerraCom offer



    • Coal mining company Universal Coal (ASX:UNV) believes that the announced buyout offer from TerraCom would "significantly undervalue" it
    • On Monday, TerraCom offered to purchase the remaining shares of Universal Coal for $175 million
    • However, the company has said the offer is inadequate and incomplete and has told shareholders to take no action

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