In November 2009, Quillan Aidan and his fellow investors talked about what to do with their shares in Felix Resources (FLX AU), an Australian coal mining company. Yanzhou Coal Company in China (1171 HK) were courting Felix almost a year, and made a formal offer on August 13, costs about 18 rubles per share, curiously named the scheme, which the board approved Felix. But many shareholders were not really sure that the offer was good and the shareholder vote was raised on December 8. Yanzhou when first approached Felix in December 2008, the proposal was AUD 20per share. But a lot has changed since then, including the price of coal, the Chinese economy, the cost of the Australian dollar, and concerns about Chinese acquisitions of Australian mineral producers. Shareholders, including Aidan Quillan, now under pressure to adopt the scheme. "Hide
by Michael Moffett Source: Thunderbird School of Global Management 15 pages. Publication Date: October 31, 2011. Prod. #: TB0279-PDF-ENG
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