19
Oct
15:26
NICKEL, COPPER: Noront to accept Wyloo bid, BHP can match offer
Noront Resources, sought by two other firms, has made its choice, but is unclear if that will be the end of the fight.
The Canadian nickel-copper miner has picked a sweetened bid from Australian mining billionaire Andrew Forrest’s Wyloo Metals over the initial offer from BHP. Noront’s board of directors on Monday unanimously determined that Wyloo’s offer of CAD 0.70/share ($0.57/share) to be a superior proposal with better value for shareholders.…
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Anonymous
Very good overview of the weekly steel market.
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