M&A

Bumi ups Herald bid to $2.55/share

THE takeover tussle for Herald Resources took another turn yesterday after Indonesia's PT Bumi Resources upped its bid for the Perth-based zinc play to $A2.55 per share from $2.25 per share, valuing Herald at around $504 million.

MiningNews.Net

Bumi ups Herald bid to $2.55/share

Bumi's offer, through its takeover vehicle Calipso Investment, represents a 5% premium to a rival bid by PT Antam and Chinese partner Shenzhen Zhongjin, through Tango Mining, of $2.50 per share. Bumi's...

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