Indophil recommends takeover offer

INDOPHIL Resources plans to accept an all-cash takeover bid from its largest shareholder, Alsons Prime Investments Corporation – a deal valuing the gold and copper explorer at about $A361 million.

Indophil recommends takeover offer Indophil recommends takeover offer Indophil recommends takeover offer Indophil recommends takeover offer Indophil recommends takeover offer

Under the proposed deal, APIC will offer 30c cash for each Indophil share, a 43% premium to yesterday's close and an 85% premium to the 12-month average.

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