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Investment co in Exco takeover move

INVESTMENT company Washington H Soul Pattinson has snapped up 24.2 million Exco Resources shares and announced an all cash offer of 19c a share in an off-market takeover valuing the copper explorer at $A69.8 million.

Ron Berryman
Investment co in Exco takeover move

WHSP said it had picked up 24.2 million shares from Ivanhoe Australia taking its stake to 19.9% and had a commitment from Ivanhoe to sell its remaining shareholding of 55 million shares at 19c for about...

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