Norilsk Nickel Offers to Acquire 15% Stake Held by Rusal for $8.75 Billion

Bloomberg reports OAO GMK Norilsk Nickel (MCX:GMKN) offered to buy back a 15 percent stake held by United Co. Rusal (HKG:0486) for $8.75 billion.

The market news is quoted as saying,

The offer to 25 percent-shareholder Rusal amounts to $306 a share, a 20 percent premium to the six-month average, Moscow- based Norilsk said in a statement posted today on its website.

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