By Rhiannon HoyleYancoal Australia Ltd. on Monday said it has established an independent board committee to assess a potential takeover by majority shareholder Yankuang Energy Group Co. Ltd.Yancoal, which is listed in Australia and Hong Kong, said it received an unsigned, nonbinding expression of interest from Yankuang on April 29.

Source: Wall Street Journal May 29, 2022 23:38 UTC