M&A

Rum Jungle targets Central Australian

PHOSPHATE explorer Rum Jungle Resources has launched an off-market takeover bid for fellow Northern Territory explorer Central Australian Phosphate, sending the takeover target's shares soaring.

Lauren Barrett
Rum Jungle targets Central Australian

Under the terms of the offer, Rum Jungle will offer one share plus 20c cash for every 20 Central Australia shares. The offer implies a value of about $A12.7 million for Central Australian, or 2.15c...

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