funny, that article says Glencore has 5% when it really has 12.4%.
That article also says CEY drops 10c to $4.37 when it's currently at $4.64, low price today $4.60
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0900 [Dow Jones] Austral Coal (AUO.AU) set to head back to record high A$1.43 struck mid-March after Glencore shows its hand with 12.4% stake, hints rival cash bid might be in offing. Xstrata, which is controlled by Glencore and still licking its wounds after failed A$8.2 billion bid for WMC (WMR.AU), could be bid vehicle. AUO last A$1.34; Centennial Coal (CEY.AU) has about 30% of target under friendly 10-for-37 share swap offer that values AUO at A$1.31. (IGP)
AUO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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