(Reuters) - SYDNEY, June 28 - Australian manganese miner
Consolidated Minerals Ltd. said on Thursday it may be
the target of a rival A$849 million takeover
offer from Territory Resources Ltd. , trumping an
agreed bid from Pallinghurst Resources.
The move, which sent Consolidated shares sharply higher,
would pit two of Australia's best known mining dealmakers
against each other in a battle to secure millions of tonnes of
manganese and other ores prized as toughening alloys by steel
makers worldwide.
Read more at Reuters.com Mergers News
Consolidated Minerals Ltd. said on Thursday it may be
the target of a rival A$849 million takeover
offer from Territory Resources Ltd. , trumping an
agreed bid from Pallinghurst Resources.
The move, which sent Consolidated shares sharply higher,
would pit two of Australia's best known mining dealmakers
against each other in a battle to secure millions of tonnes of
manganese and other ores prized as toughening alloys by steel
makers worldwide.
Read more at Reuters.com Mergers News
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