CAPITAL MARKETS

Tethyan unimpressed

TAKEOVER target Tethyan Copper has referred to the 64c bid by Hong Kong-based merchant bank Crosby Capital Partners as “opportunistic,” urging shareholders to reject it and citing four major factors in the timing of Crosby’s bid.

Jesse Riseborough

Tethyan unimpressed

Crosby launched its off-market 64c per share bid late last month valuing the company, who hold the massive Reko Diq project in Pakistan, at $101 million. Tethyan revealed it had now appointed an internal...

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