M&A

IGO to pay $1.1B cash for Western Areas

THE board of Western Areas is backing a A$1.1 billion cash takeover from IGO.

 IGO CEO Peter Bradford

IGO CEO Peter Bradford

IGO will pay $3.36 cash per share, a 3.7% premium to yesterday's close and a "compelling" 35.5% premium to Western Areas' price in August before it was made public the two companies were in talks. The...

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