UPDATE 1-Indonesian group raises takeover offer for coal miner ARMS

[ahlam1399]

UPDATE 1-Indonesian group raises takeover offer for coal miner ARMS

UPDATE 1-Indonesian group raises takeover offer for coal miner ARMS
June 8 (Reuters) - Asia coal Energy Ventures (ACE) raised its offer price for Asia Resource Minerals (ARMS) by about 37 percent on Monday, winning support of large stakeholder Nat Rothschild and moving closer to a takeover of the troubled coal miner.

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