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Company News
Feb 03, 2020 • 12:39 PM
Mining & ResourcesUniversal Coal board responds to TerraCom’s unsolicited bid with take no action
Universal Coal’s (ASX: UNV) board has issued a “no action” statement in response to coal miner TerraCom’s (ASX: TER) unsolicited takeover bid, which estimated the combined entity would have an $294 million market capitalisation and shoulder into the ASX 300. TerraCom is offering $0.335 per Universal Coal security with the bid to comprise $0.10 in […]
Oct 30, 2019 • 1:01 PM
EnergyTerraCom buys into Universal thermal coal assets for $35m
Queensland-based coal miner TerraCom (ASX: TER) has acquired a large chunk of fellow ASX miner Universal Coal (ASX: UNV), giving it exposure to thermal coal assets in South Africa. In an announcement today, TerraCom said it has reached a binding agreement to purchase about 19.99% of the issued share capital of Universal from Coal Development […]