M&A

Indophil recommends takeover offer

INDOPHIL Resources plans to accept an all-cash takeover bid from its largest shareholder, Alsons Prime Investments Corporation - a deal valuing the gold and copper explorer at about $A361 million.

Andrew Duffy

Indophil recommends takeover offer

Under the proposed deal, APIC will offer 30c cash for each Indophil share, a 43% premium to yesterday’s close and an 85% premium to the 12-month average. “The proposal from APIC offers Indophil shareholders...

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