20
Dec
02:47
Mineral Resources offers to acquire Norwest Energy
Australian miner Mineral Resources plans to make an off-market takeover bid to acquire the remaining stake in oil and gas firm Norwest Energy. This will be done via a scrip deal with an equity value of approximately AUD 403 million ($269.65m), Kallanish notes.
Mineral Resources intends to offer one fully paid ordinary share in Mineral Resources for every 1,367 Norwest shares held on the register date. The offer implies an offer price of $0.06 per Norwest share.
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Anonymous
Very good overview of the weekly steel market.
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