UNV - Universal Coal PLC

[Smurf1976]

Terricom has debt issues too severe to ignore and the takeover offer is more or less worthless in my mind outside the cash component.

It's not a stock I follow but I see that UNV dropped from 19.5 to 17 cents today so that's quite a long way short of TerraCom's offer.

Seems that many have doubts about it all.

 

[System]

On July 6th, 2020, Universal Coal PLC (UNV) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following the completion of the compulsory acquisition of all securities in UNV by TerraCom Limited (TER) that it does not already own, in accordance with the relevant provisions of the UK Companies Act 2006.