NWR Bogdanka takeover offer lapses as threshold not met

摘要

Central European hard coal and coke producer New World Resources (NWR) announced November 30 that its all-cash offer to buy Polish listed coal miner Lubelski Wegiel Bogdanka SA has lapsed. The 75% acceptance threshold of Bogdanka's issued share capital was not met in the offer subscription period which closed November 29, NWR said.