JOHANNESBURG (miningweekly.com) – Triple-listed Coal of Africa Limited (CoAL) has again extended the closing date for its proposed buyout of ASX-listed Universal Coal to May 20.
CoAL in November launched a $91-million offer to buy Universal.
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It had now received acceptances of the offer from shareholders holding 93.2% of Universal shares on issue.
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Edited by: Creamer Media Reporter
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