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By Praveen Menon and Clara Denina
SYDNEY/LONDON (Reuters) -Glencore is likely to reject a $3.60 per share Chinese offer for its minority stake in coal producer Yancoal Australia Ltd as too low, two sources with knowledge of the matter said.
Yankuang Energy Group made an offer last week to acquire the 37.7% of Yancoal it does not already own at a discount to the current market price, in a deal worth $1.8 billion.
The offer is "unacceptable" for Glencore, which holds a 6.4% stake in Yancoal, be...
>>> Read more: Glencore to reject offer for Yancoal Australia stake as too low - sources
SYDNEY/LONDON (Reuters) -Glencore is likely to reject a $3.60 per share Chinese offer for its minority stake in coal producer Yancoal Australia Ltd as too low, two sources with knowledge of the matter said.
Yankuang Energy Group made an offer last week to acquire the 37.7% of Yancoal it does not already own at a discount to the current market price, in a deal worth $1.8 billion.
The offer is "unacceptable" for Glencore, which holds a 6.4% stake in Yancoal, be...
>>> Read more: Glencore to reject offer for Yancoal Australia stake as too low - sources
