Long Tail

Reuters reported China Guangdong Nuclear Power Corp (CGNPC) has set a Feb 2 deadline on its offer for Kalahari Minerals.

Reuters reported China Guangdong Nuclear Power Corp (CGNPC) has set a Feb 2 deadline on its offer for Kalahari Minerals.

As quoted in the market news:

Under a deal announced in December, the Chinese state-owned firm has said it would launch an A$8.65 a share offer for Extract Resources within four weeks of receiving acceptances to 50 percent of Kalahari.

Extract’s shares last traded at A$8.47, 2 percent below the proposed offer, reflecting the uncertain timeframe for the bid.

Click here to read the full Reuters report.

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