Churchill Mining Gets 3 Approaches, One For Possible Takeover
September 28 2009 - 2:55AM
Dow Jones News
U.K.-based coal miner Churchill Mining PLC (CHL.LN) Monday said
it has received three separate and unconnected non-binding
approaches, one of which is regarding a possible takeover
offer.
Churchill, which will continue talks with all three parties,
said two of the approaches are regarding the possible acquisition
of Churchill's specific projects, while the third relates to a
possible offer for the company as a whole.
In a statement noting its recent share price increase and press
speculation, Churchill said the three approaches are at various
stages and subject to due diligence.
The miner added that there is "no basis" to press speculation
linking it with BHP Billiton Ltd. (BHP.AU).
Company Web site: www.churchillmining.com
-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308;
rachael.gormley@dowjones.com