M&A

Indophil anticipating higher offer

TAKEOVER target Indophil Resources says it is likely that either one or both of the company's rival bidders - Swiss mining giant Xstrata and Crosby Capital consortium - will up their offer for the company.

MiningNews.Net
Indophil anticipating higher offer

Melbourne-based Indophil reconfirmed in a statement that shareholders should reject the Xstrata offer of $A1.28 per share that values Indophil at $540 million. "Shareholders should be aware that currently...

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