Minara Fair Value Seen At 70 Cents-97 Cents Vs Glencore's 87 Cents Offer
19 9월 2011 - 9:57AM
Dow Jones News
Nickel miner Minara Resources Ltd. (MRE.AU) Monday recommended
an offer for the company from its main shareholder Glencore
International PLC (GLEN.LN) valuing Minara at A$1.02 billion
(US$1.05 billion).
Minara said in a statement that a report by KPMG found fair
value for the company between 70 cents and 97 cents, compared to
the 87 cents offered by Glencore.
Glencore already controls 73.4% of Minara shares and 40% of its
key asset, the Murrin Murrin nickel mine, and the takeover is
widely expected to go ahead.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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