CAPITAL MARKETS

Lion-Asia makes last move for Polaris

LION-Asia Resources, one of two companies vying for control of Western Australian iron ore explorer Polaris Metals, is seeking relief from the Australian Securities and Investment Commission to have its takeover bid made unconditional.

Kate Haycock
Lion-Asia makes last move for Polaris

Lion-Asia is offering 70c per Polaris share in cash, valuing its offer at $A123 million. The private company has applied to share market watchdog ASIC for relief from the 50.1% minimum acceptance condition...

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