UPDATE 1-Western Canadian Coal gets UK court OK to buy Cambrian

Fri Jul 10, 2009 11:06am EDT
 
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July 10 (Reuters) - Metallurgical coal producer Western Canadian Coal Corp (WTN.TO) (WTN.L) said a UK court approved its acquisition of diversified mining company Cambrian Mining Plc (HGV.L).

On May 20, Western Canadian said it agreed to acquire London-based Cambrian Mining in an all-stock deal valued at C$120 million ($103.2 million) to boost its coal assets. [ID:nBNG439636]

Western Canadian shares were down 4 Canadian cents at C$1.69 in morning trade Friday on the Toronto Stock Exchange. ($1=1.163 Canadian Dollar) (Reporting by Isheeta Sanghi in Bangalore; Editing by Vinu Pilakkott)

 

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