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Glencore International PLC's debut on Wednesday in Hong Kong in the world's biggest initial public offering this year may tempt investors to switch from rival Asian commodity traders. Glencore, based in Baar, Switzerland, began trading in London last
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The Economic Monitor Subscribe to The Economic Monitor to get the day's most relevant news, data and anlaysis . Sample The upward trend is expected to continue, given the dry spell in grain producing regions has strengthened market expectations of a
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Coal said it is in talks with largest shareholder Noble Group to buy some of Noble's Australian assets and has made no decision on any share sale. ''No agreement has been reached between Gloucester and Noble,'' Sydney-based Gloucester said in a
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Noble, Asia's largest commodities trading company, already owns 87.7 per cent of Gloucester via its wholly owned subsidiary Osendo Pty Ltd. The offer of $12.60 per Gloucester share values the company at $1.03 billion. An independent report into the
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Macarthur has been seeking to take over Gloucester in a complex deal that would have delivered it the Middlemount coal mine in central Queensland. The deal would have also given Gloucester's major shareholder, the Noble Group, a 24 per cent stake in
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Noble Group Ltd. (N21.SG) Monday reiterated its opposition to Peabody Energy Corp.'s ( BTU ) offer to buy Macarthur Coal Ltd. (MCC.AU) saying that the offer by the U.S. company is more in favor of large shareholders than small shareholders. "It is
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Macarthur is at the centre of a takeover battle between US miner Peabody Energy and local rival New Hope Corp, both of whose offers hinge on Macarthur dropping plans to take over smaller rival Gloucester Coal. Macarthur's shares fell as much as 5 per
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