Street Talk
Haggarty hesitant on lower bid price
Sarah Thompson and Anthony Macdonald
Updated
Hanlong Mining’s ability to lower the price of its bid for Sundance Resources to obtain bank debt – and still get board approval – could weigh on investors in Whitehaven Coal .
To be sure, there are differences. Hanlong set its offer price last October, when market conditions were far better, whereas Nathan Tinkler confirmed a price of $5.20 a share to Whitehaven as recently as July 13.
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