Takeover Price9 Aug 2009 14:06
I have the impression that the bidding war has gone on behind closed doors and we are at the final hurdle. the Chinese and Indians are both desperate for coal assets and this is how the price has crept up to this level. Extraordinary I know, but in the scheme of things, the original four bidders were probably going up in increments of £50-£100 million. Its a case of take it or leave it- to your rivals and competitors.
Regards to all