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    cobalt investing

    Metorex Shareholders to Vote on Vale Takeover

    Investing News Network
    Jun. 15, 2011 07:51AM PST
    Battery Metals

    Mining Weekly reported on the upcoming vote by shareholders of Metorex (JNB:MEMTX) on Vale’s bid to take over the company.

    Mining Weekly reported on the upcoming vote by shareholders of Metorex (JNB:MEMTX) on Vale’s bid to take over the company.

    The market news is quoted as saying:

    The offer, which constitutes the total share capital of Metorex for R7,35 a share, represented a 20% premium to the closing price of Metorex on the JSE on March 25, when the first cautionary statement was issued.

    To read the full market news, click here.

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