Extract Expects Takeover Bid from Taurus
Feb. 06, 2012 01:26PM PST
Long TailMining Weekly reported Extract Resources (TSX:EXT,ASX:EXT) announced it is expecting a bid from Taurus Minerals (LSE:KAHA) by March 1.
Mining Weekly reported Extract Resources (TSX:EXT,ASX:EXT) announced it is expecting a bid from Taurus Minerals (LSE:KAHA) by March 1.
As quoted in the market news:
Taurus Minerals, a subsidiary of China Guandong Nuclear Power Corporation (CGNPC), on Friday declared its takeover of Kalahari Minerals unconditional, after securing an 89.5% shareholding in the company.
CGNPC has previously said that a 50% shareholding in Kalahari, by February 2, would trigger a A$8.65-a-share takeover offer for ASX- and TSX-listed Extract.