Deals off!! Caledon won't be taken over. Down over 20 percent in London.
The Board of Caledon announces that following an extended strategic review and solicitation of interest in the Company it has decided that it will no longer actively pursue the sale of the Company. Given the positive outlook for coal and the opportunities at hand, Caledon will remain one of the few independent coal producers in the Bowen Basin and focus on growing the production at its Cook mine and developing the Minyango Project.
CCD Price at posting:
$1.07 Sentiment: ST Sell Disclosure: Held
