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Extract Shares Fall After CGNPC Puts New Price on Kalahari
Nov. 11, 2011 04:11PM PST
Energy InvestingMining Weekly reported shares in Extract Resources (ASX:EXT) dropped more than 3% in Sydney on Friday.
Mining Weekly reported shares in Extract Resources (ASX:EXT) dropped more than 3% in Sydney on Friday.
As quoted in the market news:
Kalahari announced to the LSE that it remained in negotiations with CGNPC regarding a possible takeover, but at a cash price of £2.43 a share. This was below the £2.90 a share that CGNPC offered at the beginning of the year, and also below the $2.70 a share that it offered after the March natural disasters in Japan.