CAPITAL MARKETS

DRD makes Emperor offer unconditional

IN what seems like a last gasp bid, South Africa's Durban Roodepoort Deep (DRD) has removed all conditions from its offer to acquire 100% control of the Fijian gold company Emperor Mines.

Brad Ricks

DRD makes Emperor offer unconditional

Last month DRD, which currently controls 36.5% of the smaller company, increased and made final its offer to Emperor shareholders of 5 DRD shares for every 22 Emperor shares held. However, under the...

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