Whitehaven Adds Aston, Local Miner To Make $5B Coal Co.

Law360, New York (December 12, 2011, 1:49 PM EST) -- Australia's Whitehaven Coal Ltd. agreed Monday to acquire Aston Resources Ltd.'s stock in a merger of equals that, along with Whitehaven's simultaneous purchase of Boardwalk Resources Pty. Ltd., will create the largest independent coal company in Australia, valued at AU$5.1 billion (US$5.13 billion).

Under the terms of the deal, which has the unanimous support of Aston's and Whitehaven's boards, Aston shareholders will receive 1.89 Whitehaven shares for each Aston share, following distribution of a special dividend of 50 cents per share to existing Whitehaven shareholders....
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