Australia's Coronado Global falls on ending merger talks with U.S. peer

Arch Resources

06/05/2022 01:51

** Shares of coal producer Coronado Global Resources
 CRN.AX  fall as much as 7.3% to A$2.28, mark their biggest
intraday loss since April 26
    ** Co says it is no longer in merger discussions with
U.S.-based Arch Resources  ARCH.N   urn:newsml:reuters.com:*:nASX5sZbbd
    ** Says it was in confidential discussions with Arch and has
no expectations that the talks will resume 
    ** Shares hit their lowest since May 2
    ** As of last close, stock has nearly doubled in value this
year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))