PanAust rejects GRAM takeover

PANAUST has rejected a $A1.1 billion takeover bid from its major shareholder but says it remains open to further negotiation.

PanAust rejects GRAM takeover PanAust rejects GRAM takeover PanAust rejects GRAM takeover PanAust rejects GRAM takeover PanAust rejects GRAM takeover

In an update this morning the Laos-focused miner said the offer had been opportunistically lobbed at a low point for its share price and commodity prices.

It said the $1.

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