TRH’s board is mulling over the $52 per share offer…
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Sounds like the buyers are coming out…
RIO Tinto and Japan’s Mitsubishi Corp have offered to pay $122 per share to buy out minority investors in Coal & Allied Industries, in an indicative offer that values the Australian coal miner at $10.6 billion.
Interesting that they would make a buyout offer when the market is collapsing. Why not wait till the price reaches bottom, and then make an offer?
hmmmm…