1. Met coke manufacturer Gujarat NRE Coke (GNCL) will send its...

1. Met coke manufacturer Gujarat NRE Coke (GNCL) will send its bidders document to REY Resources shareholders within a fortnight, company officials said.

http://www.hindu.com/2009/06/07/stories/2009060752311300.htm

2. PR Kannan, CFO, Gujarat NRE Coke, told DNA, "The deal will take two months to come to its logical end. We made an unfriendly bid as Mr Jagatramka was a board member of Rey. We first had to detach ourselves from the company's board and then make an open offer."

http://www.dnaindia.com/report.asp?newsid=1262055

3. It seems that the take over decision was came from GNM's parent company Gujarat NRE Coke in India.

4. Trading volume closing price
11/06 275,600 9.1c
10/06 411,400 9.5c
09/06 519,071 10c
05/06 1,615,544 11c
04/06 5,714,084 12c