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IGO changes tune and ups bid for Western Areas

Increased offer forced on bidder by increased nickel price

Michael Quinn
IGO wants to buy WSA and add another nickel mine to a business that currently comprises the Nova (pictured) operation in WA

IGO wants to buy WSA and add another nickel mine to a business that currently comprises the Nova (pictured) operation in WA

The upped bid price implies an equity value of $1.26 billion. It comes after IGO last week suggested it wouldn't be raising its bid, despite the market showing strong confidence it would indeed have...

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