COK cockatoo coal limited
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posco with some spare cash

  1. richrichie
    3,394 Posts.
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    16/11/11
    17:28
    Post #: 9296193
    It seems that 7% shareholder of MCC: POSCO probably did not accepted Peabody's takeover of MCC.

    Nevertheless, MCC today achieved over 90% of acceptances bringing MCC to compulsory acquisition now.

    Going to get paid with $344,755,125 cash (based on 7% holding of 21,215,700 MCC shares).

    If they weren't happy about losing MCC, why not take 100% of COK?
    COK Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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