Business
Ganfeng Lithium grabs Bacanora in $246.5m deal – MINING.COM – MINING.com
Ganfeng, which in February rose its stake in Bacanora to 28.88% from 17.41%, will acquire the remaining shares at 67.5 pence each.
Ganfeng, which in February announced it was rising its stake in Bacanora to 28.88% from 17.41%, will acquire the remaining shares at 67.5 pence each. The unofficial offer represents a nearly 50% premium on Bacanora’s Wednesday’s close.
The increase in Ganfeng’s stake to 28.88% is expected to complete shortly, the companies said in the statement.
Bacanoras independent directors said the offer was attractive, adding they plan to recommend it once it becomes a formal proposal, which requires approval…
-
Noosa News23 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
General10 hours agoGrieving parents of 4yo boy who drowned in Officer suing Melbourne Water, Cardinia council
-
Business23 hours agoThis ASX mining stock has soared 479% in just one year and high-grade gold hits are now flowing in
-
General23 hours ago‘World-first’ deal to give delivery drivers better pay