CAPITAL MARKETS

Phosphate Australia rejects takeover offer

PERTH-based junior Phosphate Australia has unanimously recommended shareholders reject an on-market takeover after an independent expert found the offer to be neither fair nor reasonable.

Kristie Batten
Phosphate Australia rejects takeover offer

ASX-listed Mercantile Investment Company, chaired by renowned investor Sir Ron Brierley, which holds around 9% of the company, made a A2c per share offer for the company last month. Independent expert...

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