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Ichorcoal will not extend cash offer for Universal Coal

IchorCoal notified the Australian Stock Exchange last week it will not extend its cash takeover offer for ASX-listed South African coal miner Universal Coal, which expires on 5 February 2016. On 30 September 2015, IchorCoal...

Universal Coal reiterates ‘take no action’ request, opens data room for rival bids

South African coal miner Universal Coal reiterated its take no action advisory to its shareholders on Thursday after IchorCoal tabled its takeover offer the previous day. IchorCoal, which already owns 29.9% of Universal Coal's issued...

IchorCoal makes its offer to Universal Coal shareholders

Following initial bid delays, IchorCoal on Wednesday provided its offer document in relation to its cash offer for the entire issued and to be issued share capital of ASX-listed South African coal miner Universal Coal. On...

Universal Coal considers rival bid following IchorCoal bid delay

ASX-listed South African coal miner Universal Coal has been approached by another bidder following its announcement to shareholders to take no action on the proposed takeover by major shareholder IchorCoal last month for a...

Universal Coal says IchorCoal takeover offer inadequate

ASX-listed South African coal miner Universal Coal has advised its shareholders to take no action with regards to an indicative takeover offer from major shareholder IchorCoal calling it "inadequate, highly conditional and opportunistic". Earlier this...

Universal Coal rejects IchorCoal’s unsolicited acquisition intention

ASX-listed, South African coal miner Universal Coal’s major shareholder IchorCoal N.V. has revealed it will make an unsolicited bid for the company. In acknowledgement of the announcement, the directors who are independent of the offer...

IchorCoal, Universal Coal major shareholder increases stake further

IchorCoal N.V., a major shareholder in ASX-listed coal junior Universal Coal, has increased its holding of ordinary shares in the company from 18.51% to 29.99%. Universal Coal owns and operates the Kangala colliery near Delmas and...

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