News: BHP Whitehaven Coal Announces Acquisition Of Daunia And Blackwater Mines

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    Oct 18 (Reuters) - Whitehaven Coal Ltd (WHC) :

    • ACQUISITION OF DAUNIA AND BLACKWATER MINES ANNOUNCEMENT
    • WHITEHAVEN COAL TO ACQUIRE 100% OF BMA'S DAUNIA AND BLACKWATER COAL MINES THROUGH A COMPELLING AND TRANSFORMATIONAL ACQUISITION
    • EXECUTED SALE AGREEMENTS WITH BHP GROUP AND MITSUBISHI DEVELOPMENT TO ACQUIRE 100% OF BOTH DAUNIA AND BLACKWATER COAL MINES
    • DEAL FOR AGGREGATE CASH CONSIDERATION OF US$3.2 BILLION
    • HIGHLY ATTRACTIVE ACQUISITION FOR WHITEHAVEN AND IS EXPECTED TO BE MATERIALLY EARNINGS ACCRETIVE
    • ACQUISITION TO BE FUNDED VIA A COMBINATION OF AVAILABLE CASH, A US$900 MILLION BRIDGE FACILITY, AMONG OTHERS
    • WHITEHAVEN HAS ALSO AGREED TO PRICE-LINKED CONTINGENT PAYMENTS OF UP TO US$900 MILLION OVER THREE YEARS UNDER DEAL
    • ACQUISITION IS EXPECTED TO COMPLETE IN JUNE 2024 QUARTER
 
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Last
$40.80
Change
-0.800(1.92%)
Mkt cap ! $207.1B
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