Mitsubishi Corp: Australia Unit Got OK From Coal & Allied Shareholders For Purchase
28 Novembre 2011 - 5:53AM
Dow Jones News
The Japanese trading house Mitsubishi Corp. (8058.TO) said
Monday its Sydney-based unit, along with and Rio Tinto PLC (RIO),
received approval from the shareholders of Coal & Allied
Industries Ltd. (CNA.AU) to go ahead with the joint purchase of
shares they don't currently own in the Australian coal
producer.
Pending approval from a local court, shareholders of Coal &
Allied will receive A$125 per share. The payments are scheduled for
Dec. 16.
Rio currently owns 75.7% of Coal & Allied, and Mitsubishi
10.2%. When the offer was made in August, it valued Coal &
Allied at A$10.8 billion.
-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770;
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