Glencore lobs Coal & Allied bid

GLENCORE has submitted a fully funded US$2.55 billion cash plus a coal price linked royalty offer for Rio Tinto’s share of Coal & Allied Industries, potentially trumping Yancoal’s bid.

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Glencore lobs Coal & Allied bid Glencore lobs Coal & Allied bid Glencore lobs Coal & Allied bid Glencore lobs Coal & Allied bid Glencore lobs Coal & Allied bid

Glencore may have trumped Yancoal's bid for Coal & Allied.

In January Yancoal bid US$2.45 billion to buy Rio Tinto’s Coal & Allied assets. It subsequently received Foreign Investment Review Board approval for the purchase.

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