MELBOURNE Dec 8 Shareholders in Australian
coal miner Felix Resources Ltd FLX.AX approved a A$3.3
billion ($3.0 billion) takeover offer from Chinese firm Yanzhou
Coal Mining Co (1171.HK), Felix said on Tuesday.
Felix shareholders will receive A$18 a share, including
A$16.95 in cash from Yanzhou, plus dividends and shares in
exploration properties in South Australia. The shares last
traded at A$16.87 ahead of the vote.
To secure the Australian government's clearance for the
deal in October, Yanzhou Coal promised to list the local unit
on the Australian stock market again by 2012 and cut its
ownership to less than 70 percent.
($1=1.091 Australian Dollar)
(Reporting by Sonali Paul)