RCI rocklands richfield limited
Add to My Watchlist 0.00% ! 52.0¢

meijing energy raises rocklands bid

  1. Jus
    1,379 Posts.
    clock Created with Sketch.
    29/12/09
    13:54
    Post #: 6088942
    Sky News, Tuesday December 29, 2009

    The interest in the coal sector continues with China's Meijing Energy stepping up its bid for junior digger Rocklands Richfield.

    The new offer of $197 million trumps a bid lodged last month by India's Jindal Steel Power that valued Rocklands at $154 million.

    Meijing's offers breaks down to 56 cents per share and with all other terms the same as Jindal's.

    The tussle over Rocklands started in September, when the company announced a friendly takeover by Jindal at 42 cents a share.
    RCI Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS What the hell is wrong with ASX Ltd? The hits keep coming, and now CBOE looms
right-arrow Created with Sketch.
NEWS DroneShield's civilian counter-drone tech lands with a buzz
right-arrow Created with Sketch.
NEWS Iress Ltd leads top gainers intraday Friday as Blackstone buyout bid confirmed
right-arrow Created with Sketch.
NEWS Lithium hype is back. Just ignore the fact Jianxiawo only supplies 3% globally
right-arrow Created with Sketch.
NEWS RBA's inflation trick: Is the number lying to us?
right-arrow Created with Sketch.
NEWS Win a $12k Portfolio | 7%-10.25% low risk rental yield from a proven asset
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.