Indophil backs $1.28/share takeover bid

DIRECTORS of Indophil Resources have urged shareholders to accept a new $A1.28 (K3.21) cash per share takeover bid from a consortium led by Indophil’s managing director and chief executive Richard Laufmann that trumps Swiss miner Xstrata’s $1 cash per share offer.

Indophil backs $1.28/share takeover bid Indophil backs $1.28/share takeover bid Indophil backs $1.28/share takeover bid Indophil backs $1.28/share takeover bid Indophil backs $1.28/share takeover bid

In a statement, Indophil said the $540 million bid was made by a group that consists of Crosby Capital, the parent company of merchant banking and asset management group Crosby Asset Management, the

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions