THE acquisition of Felix Resources by Yanzhou Coal Mining has received China Securities Regulator...
Felix will apply to the Federal Court of Australia today for its approval, the last required.
Yanzhou launched its $3 billion-plus takeover offer in August at $16.95 a share, but Felix’s two fully franked 50c dividends and a planned post-takeover 5c spin-off listing of its South Australian Coal Corporation subsidiary brought the package to $18 a share.
Felix shares are up 5c to $16.87 this morning.
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