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EXT Excite Technology Services Ltd

0.007
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Excite Technology Services Ltd ASX:EXT Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.007 0.007 0.008 0.007 0.007 0.007 267,064 07:10:11

Extract Directors To Mull Alternatives To Possible Chinese Bid

08/12/2011 11:57pm

Dow Jones News


Excite Technology Services (ASX:EXT)
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Australian uranium miner Extract Resources Ltd. (EXT.AU) said Friday its independent directors will review the terms of a proposed bid that would be triggered by a successful takeover of its largest shareholder, Kalahari Minerals PLC (KAH.LN), by Chinese nuclear fuel supplier CGNPC Uranium Resources Co. Ltd. and a Chinese Africa-focused investment fund.

Extract in a statement to the Australian securities exchange said its directors would consider all available alternatives to the possible Chinese bid before making any recommendation to shareholders.

Kalahari's main asset is an almost 43% stake in Extract, which is developing a rich uranium deposit in Namibia that neighbors Rio Tinto PLC's (RIO) Rossing uranium mine.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

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