YANZHOU Coal Mining has resubmitted its application to buy Australian coal miner Felix Resources, but the new submission is not expected to delay the takeover.
Yanzhou said its resubmission to the Foreign Investment Review Board was to “facilitate the approval process”
The Chinese miner’s $A3.3 billion bid for Felix was launched mid-August at $18 a share cash, including special dividends.
Felix’s board has recommended its shareholders accept the offer.
Felix was trading at $17.60 this morning.
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