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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sphere Min Fpo (delisted) | ASX:SPH | 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% | 0.00 | - |
From Jun 2019 to Jun 2024
Xstrata PLC (XTA.LN) has well over the 50.1% acceptance from shareholders of west African iron ore miner Sphere Minerals (SPH.AU) needed to take control of the company, according to a person close to the deal.
The Anglo-Swiss miner had received acceptances amounting to nearly 44% for its A$513.6 million, A$3-a-share offer by close of business in Sydney, and was also expecting to receive Genesis Capital LLC's 7.98% stake into the acceptance facility after an announcement earlier in the day, the person said.
"The company is confident of getting well over 50%," the person said.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Sphere Investments Chart |
1 Month Sphere Investments Chart |
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