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Nov 7 (Reuters) - Australian coal miner Coronado Global Resources (CRN) said on Monday it had ended talks with U.S.-based Peabody Energy Corp BTU.N for a potential combination of the two companies, less than a month after confirming the discussions.
Coronado, which had a market capitalisation of A$3.70 billion ($2.38 billion) as of Friday's close, did not specify why the talks had ceased.
It had confirmed the talks early in October, in response to a local media report, but did not divulge further details.
The firm was also in merger talks with U.S.-based Arch Resources ARCH.N earlier this year, which did not materialise.
Peabody Energy, which has a market capitalisation of $3.88 billion, did not immedietely respond to a Reuters request for comment. ($1 = 1.5574 Australian dollars)
News: CRN UPDATE 1-Australia's Coronado Global ends merger talks with Peabody Energy
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Last
35.0¢ |
Change
-0.020(5.41%) |
Mkt cap ! $586.7M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 37.5¢ | 34.8¢ | $30.29M | 86.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 112000 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 23416 | 1 |
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