M&A

Chinese up offer for Alto

A potential spoiler offer from privately-owned miner Habrok Mining has spurred China-based Shandong Goldsea Group to increase its offer for Alto Metals from A$25.8 million to $28.2 million, or an additional 1c per share.

Alto's Sandstone assets have become hot propery.

Alto's Sandstone assets have become hot propery.

The rise from 6.5c to 7.5c comes with an extension of the offer until July 8. In the absence of a formal proposal from Habrock, Alto's board continues to recommend the Goldsea offer due to Alto's...

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