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MRE Metrics Real Estate Multi Strategy Fund

1.945
-0.005 (-0.26%)
13 Jan 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Metrics Real Estate Multi Strategy Fund ASX:MRE Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -0.26% 1.945 1.945 1.95 1.95 1.94 1.95 37,724 03:39:35

Minara Fair Value Seen At 70 Cents-97 Cents Vs Glencore's 87 Cents Offer

19/09/2011 1:57am

Dow Jones News


Metrics Real Estate Mult... (ASX:MRE)
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Nickel miner Minara Resources Ltd. (MRE.AU) Monday recommended an offer for the company from its main shareholder Glencore International PLC (GLEN.LN) valuing Minara at A$1.02 billion (US$1.05 billion).

Minara said in a statement that a report by KPMG found fair value for the company between 70 cents and 97 cents, compared to the 87 cents offered by Glencore.

Glencore already controls 73.4% of Minara shares and 40% of its key asset, the Murrin Murrin nickel mine, and the takeover is widely expected to go ahead.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

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