We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| 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 offered shareholders in West Africa iron ore explorer Sphere Minerals Ltd. (SPH.AU) A$2.50 cash a share in a takeover that values the target at A$428 million, the companies said Tuesday.
The offer values Sphere 61% above its A$1.55 closing price Monday and 73% over its 30-day volume-weighted average price, Xstrata said in a statement.
The offer has been unanimously recommended by the Sphere's board, who own 5.4% of its diluted equity, Sphere said.
The acquisition "gives Xstrata exposure to (the) attractive iron ore market through organic growth projects," Xstrata said.
Sphere has interests in the Guelb el Aouj, Askaf, and Lebtheinia projects in the West African nation of Mauritania.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Sphere Investments Chart |
1 Month Sphere Investments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
