Reuters: Global Markets: Australia's Whitehaven shares jump on $5.3 billion Tinkler bid

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Australia's Whitehaven shares jump on $5.3 billion Tinkler bid Jul 16th 2012, 01:08 SYDNEY | Sun Jul 15, 2012 9:08pm EDT SYDNEY (Reuters) - Shares in Whitehaven Coal (WHC.AX) soared as much as 21.1 percent on Monday after coal mining magnate Nathan Tinkler offered $5.3 billion to take the company private, with support lined up from some key shareholders. Whitehaven shares opened at A$4.10 and last traded up 17.7 percent at A$4.06, compared with the offer of A$5.20 a share.

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