FOUR Yancoal minor shareholders are seeking to appeal a decision by the Australian Takeovers Panel made this week that would allow Yancoal to proceed with a US$2.65 billion entitlement offer to fund its proposed acquisition of Rio Tinto’s Coal & Allied New South Wales coal assets.
Senrigan Capital Management and Nicholas R Taylor first lobbed its request for an appeal to the takeovers panel on Wednesday. Then two other minor shareholders Mt Vincent Holdings and Osendo, which...
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