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Latest news

Mining Weekly – ‘Universal opens data room, tells shareholders to hold off on Ichor offer’ by Esmarie Swanepoel, Thursday, 1 October 2015

Takeover target Universal Coal has reiterated its ‘take no action’ advisory to shareholders, after receiving an official takeover offer from South Africa-based IchorCoal. IchorCoal, which holds a 29.99% stake in Universal, on Wednesday officially launched its takeover bid, offering Universal shareholders 16c a share in cash. Universal again advised shareholders…