July 9 (Reuters) – Australia’s Centennial Coal Co Ltd (CEY.AX) on Friday told shareholders its board had recommended a $2 billion takeover offer from Thailand’s Banpu Public Co Ltd (BANP.BK).
Centennial said Banpu had indicated it would maintain the company’s current operations and employees.
It recommended shareholders take no action at this time. A bidder’s statement and a target’s statement was expected at the end of July or in August.
(Reporting by Michael Smith; Editing by Ed Davies)