caledon resources confirms essar approach

http://www.proactiveinvestors.com.au/companies/news/2179/caledon-resources-confirms-essar-approach-over-possible-cash-offer-2179.html


Caledon Resources confirms Essar approach

Australian coal producer Caledon Resources PLC (AIM: CDN, ASX: CCD) has confirmed it received approaches from Essar Minerals Ltd and other parties which may or may not lead to a cash offer for the company.

Caledon had only yesterday noted speculation in the Indian media regarding a potential bid for the company by the Essar group, but neither confirmed or denied it. It had reiterated it has been involved in discussions with a number of parties over possible offers but that there had been no agreement with any party.