M&A

'Take no action', Mincor tells shareholders

MINCOR Resources has told shareholders to take no action after its major shareholder, Andrew Forrest's Wyloo Metals, launched a A$760 million on-market takeover bid for the company.

Mincor managing director Gabrielle Iwanow

Mincor managing director Gabrielle Iwanow

The company warned shareholders that if they sold on-market now, they would not be able to participate in any potential higher offer that may emerge. It noted that Wyloo had not declared its offer to...

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