METS

Battle for Ausmelt looming

FINNISH processing company Outotec is facing competition in its bid for Ausmelt, after the Melbourne-based technology company revealed another international bidder is prepared to make a higher offer.

Kristie Batten
Battle for Ausmelt looming

Outotec launched an off-market cash bid yesterday, offering A85c per Ausmelt share. On Wednesday, Ausmelt deputy chairman and founder Dr John Floyd’s company Caron – which was Ausmelt’s largest shareholder...

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