Winfield Group offered to acquire Stanmore Coal for $292m.

Winfield Group, an Australian coal provider, offered to acquire Stanmore Coal, a coal mining company, for $292m. The offer represented a premium of up to 36.5% to the company’s last close. Stanmore said Winfield's bid fell within the independent expert valuation range published during the unsuccessful takeover tilt by Indonesia-backed Golden Investments in late 2018.