CAPITAL MARKETS

Paladin aims to conquer Summit

PALADIN Resources has made a $A1 billion all-scrip takeover bid for advanced uranium play Summit Resources, with the latter’s shares soaring to an all-time high on the news.

Rebecca Lawson

Paladin aims to conquer Summit

News of the off-market scrip takeover sent Summit shares upward by more than $1 to a high of $5.11 before they cooled to settle at $5.02 at the time of writing. In a market announcement this morning,...

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