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
Oct 18 (Reuters) - Whitehaven Coal Ltd (WHC) : ACQUISITION OF...
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