Indophil backs Stanhill's revised bid

INDOPHIL Resources’ independent directors have recommended shareholders accept a revised $A545 offer (K1210) from Stanhill Resources, which trumps a rival bid by Swiss miner Xstrata.

Indophil backs Stanhill's revised bid Indophil backs Stanhill's revised bid Indophil backs Stanhill's revised bid Indophil backs Stanhill's revised bid Indophil backs Stanhill's revised bid

Stanhill Resources group, which is led by Indophil's chief executive Richard Laufmann and is comprised of investment groups Crosby Capital and the Alsons Group, has altered its offer to $A1.

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