New Hope Corporation Ltd has taken itself off the market after no solid takeover offer emerged from any suitors, and has flagged a rise in interim profit.
Shares in the company fell on the news, slipping 4.72 per cent to $5.44 at 1048 AEDT, against a benchmark index fall of 0.97 per cent.
In a statement to the Australian Securities Exchange, the miner said it now expects to post a first half operating profit between 18 and 25 per cent higher than last year's result.
In November last year, New Hope said it had received "a number" of non-binding takeover offers, and would undertake a formal process to review potential bids.
New Hope said that that process had now ended, and no transaction would be made.
Business Spectator
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