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 News24 hours agoAfter Hours Gallery Visits, French Dining and Garden Illuminations: Your Guide to the Ultimate Melbourne Culture Fix
-
General21 hours agoDeath of 86-year-old driver in Karoonda Highway crash prompts push for change
-
General18 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people
-
Business17 hours agoIs Warren Buffett’s Berkshire Hathaway the smartest investment you can make today?