M&A

Xstrata bids for LionOre

SPECULATION of a takeover bid by Xstrata for nickel play LionOre Mining International became reality this evening after the Swiss-based diversified miner announced a friendly $A5 billion cash offer for the Toronto-based LionOre.

MiningNews.Net
Xstrata bids for LionOre

In an announcement to the market, Xstrata said the deal was for $19.82 per share and represented a 16.5% premium over the volume weighted average price of the LionOre shares over the last 30 trading days...

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