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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 |
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
1 Year Metrics Real Estate Mult... Chart |
1 Month Metrics Real Estate Mult... Chart |
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