Deals
Winsway, Marubeni to Acquire Grande Cache Coal for C$1 Billion
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China’s Winsway Coking Coal Holdings Ltd. and Japan’s Marubeni Corp. agreed to acquire Canadian metallurgical-coal producer Grande Cache Coal Corp. for about C$1 billion ($1 billion).
Winsway and Marubeni will pay C$10 a share in cash, 112 percent more than its 20-day volume-weighted average trading price, the Calgary-based mining company said yesterday in a statement.