M&A

Zeta trashes IGO's Panoramic vision

PETER Sullivan-chaired ASX-listed, Bermuda-based investment vehicle, Zeta Resources, has slammed Independence Group's hostile and highly conditional A$312 million scrip bid for nickel producer Panoramic Resources as "opportunistic", taking advantage of short-term issues.

IGO wants Panoramic's assets.

IGO wants Panoramic's assets.

Zeta has backed the miner since 2013, through multiple capital raisings and a crash in the nickel price that saw Panoramic's mines placed on care and maintenance, and more recently a plan to restart the...

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