New Hope says in talks with Macarthur shareholders

PERTH, April 13 (BestGrowthStock) – Australia’s New Hope Corp
(NHC.AX: ), which is mounting a $3.45 billion takeover effort for
Macarthur Coal (MCC.AX: ), has begun talks with its target’s
shareholders, it said on Tuesday.

“We are in the process of talking to all Macarthur
shareholders and the discussions are continuing today,” New
Hope’s Chairman Robert Millner told Reuters, adding that the
talks began on Monday afternoon.

When asked if New Hope would consider sweetening its
current all-scrip offer for Macarthur, Millner said: “our offer
is now the best that is available on the table, so we are happy
to sit at the moment.”

Stock Market Today

(Reporting by Fayen Wong; editing by Balazs Koranyi)

New Hope says in talks with Macarthur shareholders