Exxaro will not increase offer for Australia’s Territory
Posted on June 20th, 2011 by Julian Kirby
Exxaro Resources has confirmed that the $0.46 per share offered under the takeover bid for Territory Resources by its wholly-owned Australian subsidiary Exxaro Australia Iron Investments would not be increased, and the offer period would not be extended beyond the current closing date of midnight on July 4. Exxaro’s executive general manager of business growth, [...]