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Norilsk May Offer Investors Buyback on Rusal Rejection
Dec. 27, 2010 11:48AM PST
Base Metals Investing Bloomberg.com reports that because of the failure of negotiations with Rusal, Norilsk Nickel is considering buying back stock from all shareholders
Bloomberg.com reports that because of the failure of negotiations with Rusal, Norilsk Nickel is considering buying back stock from all shareholders.
The story is quoted as saying:
Norilsk may offer the buyback to “neutralize the negative effects” of a shareholder conflict on the company, should Rusal reject its offer by a deadline tomorrow, the Moscow-based company said today on its website. Norilsk said it has accumulated enough cash to either buy Rusal’s 25 percent or minority stakes without external financing.
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