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Whitehaven Coal Says It Received Formal Takeover Proposals

Whitehaven Coal Ltd., the Australian coal miner that put itself up for sale in October as demand for the commodity boosted mergers and acquisitions, said a number of parties have submitted formal proposals.

“Whitehaven is now in discussions with a number of these parties to determine which proposal, if any, will be recommended by the board,” the Sydney-based company said in a filing.