M&A

Alliance rejects Quasar buyout

SHARES in Alliance Resources rocketed 71% this morning after it rejected a $A57.6 million buyout from its partner at the troubled Four Mile uranium mine in South Australia.

Andrew Duffy
Alliance rejects Quasar buyout

Alliance, which owns 25% of the project, said the offer was too low considering its share of uranium oxide mined to December was worth about $20 million. So far project partner Quasar Resources (75%)...

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