Published on 2 Jun 2022 on Reuters via Yahoo Finance
By Praveen Menon and Clara Denina
SYDNEY/LONDON (Reuters) - Glencore is likely to reject a $3.60 a share offer by coal producer Yancoal Australia Ltd's Chinese parent to buy its minority stake in the miner as too low, two sources with knowledge of the matter said.
Yankuang Energy Group made an offer last week to acquire the 37.7% stake of Yancoal it does not already own at a discount to the current market price, valuing it at $1.8 billion.