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UCL returns fire

TAKEOVER target UCL Resources has launched a counter-bid for its joint venture partner Minemakers.

Kristie Batten

UCL is offering one of its shares for every 1.6 Minemakers shares held plus A4.5c cash for each share held, implying a value of 20.8c per Minemakers share. The offer represents a 6.4% premium to Minemakers’...

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