Feb 6 (Reuters) - Coal miner Universal Coal Plc UNV.AX said on Thursday that an announced buyout offer from peer TerraCom Ltd TER.AX would "significantly undervalue" it.
TerraCom on Monday offered to buy the remaining shares of the UK-based Universal Coal that it does not already own, in a deal that valued the Australia-listed company at about A$175 million ($118 million).
Universal Coal said TerraCom has not yet made a formal offer.
($1 = 1.4821 Australian dollars)