CAPITAL MARKETS

Todd makes another iron ore acquisition

NEW ZEALAND conglomerate Todd Corporation has made a takeover offer for Rutila Resources as it continues to expand its presence in Western Australia's struggling iron ore industry.

Andrew Duffy
Todd makes another iron ore acquisition

Under the deal major shareholder Todd will offer A30c apiece for the shares it does not already own. The offer represents a 100% premium to the last traded price and an 80% premium to the 30-day average....

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