Panel won't investigate Yancoal offer

YANCOAL’S protracted US$2.69 billion takeover for Rio Tinto’s Coal & Allied coal assets received a boost yesterday when the Australian Takeovers Panel declined to conduct proceedings requested by four minor shareholders on the proposed entitlement offer.

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Panel won't investigate Yancoal offer Panel won't investigate Yancoal offer Panel won't investigate Yancoal offer Panel won't investigate Yancoal offer Panel won't investigate Yancoal offer

The panel said in a statement that it considered it was not likely to find that the entitlement offer would give rise to unacceptable circumstances.

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