Stanmore Coal Ltd (Stanmore) has confirmed that the unsolicited off-market takeover offer from Golden Investments (Australia) Pte Ltd has now expired.
After the expiry of the offer, Stanmore has been informed that Golden Investments Limited has a relevant interest in 25.47% of Stanmore’s shares on issue. This includes the 19.9% of the shares on issue acquired by a related entity of Golden Investments from Greatgroup immediately prior to the offer.
Read the article online at: https://www.worldcoal.com/coal/24012019/stanmore-coal-announces-expiry-of-golden-investments-takeover-offer/
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The Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.