BARRY FITZGERALD

OZ secures a conga line of projects in Avanco bid

Market indigestion over OZ bid for Avanco didn't last long, writes Barry FitzGerald

Barry FitzGerald
 Avanco drilling at Pedra Branca

Avanco drilling at Pedra Branca

By the close of trade on Tuesday the scrip and cash bid valued Avanco at 16.69c a share or $442 million - a whopping 116% premium to Avanco's undisturbed pre-bid share price. The size of the premium...

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