| Global commodities trader Glencore International announced Thursday its intention to acquire a controlling interest in South African thermal coal miner Optimum Coal via a consortium with South African businessman Cyril Ramaphosa.
The commodities giant valued the ordinary shares of Optimum Coal at Rand 34 ($4.86) each -- a total value of about $1.2 billion -- representing a 35.9% premium to the 30-day volume weighted average Optimum share price on August 16, the day before Optimum released its first cautionary statement..............................................Full Article: Source
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