Coal fires M&A

Whitehaven and Aston looks like a merger of equals, but not all is as it seems.

PORTFOLIO POINT: A special dividend for Whitehaven shareholders is presumably to encourage them to back the 'merger of equals’ with Aston.

Whitehaven Coal (WHC), Aston Resources (AZT). We now have an answer as to why Nathan Tinkler was tinkering with the Aston board after it announced a merger with Whitehaven Coal today to create the largest listed coal company in Australia.


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