Indonesian Golden Energy launches takeover bid for Stanmore

INDONESIAN coal giant Golden Energy and Resources has lobbed a $240 million offer for Stanmore Coal whose main asset is the Isaac Plains complex in Queensland.

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Indonesian Golden Energy launches takeover bid for Stanmore Indonesian Golden Energy launches takeover bid for Stanmore Indonesian Golden Energy launches takeover bid for Stanmore Indonesian Golden Energy launches takeover bid for Stanmore Indonesian Golden Energy launches takeover bid for Stanmore
Stanmore directors have requested shareholders take no action on the 95c per share offer, which is 15% higher than its Friday closing price.