Perth-based metallurgical testing specialist Ammtec has agreed to a conditional takeover after Campbell Brothers made a revised increased offer for the company.
Campbell Brothers has lodged a bidder's statement on behalf of its wholly owned subsidiary Australian Laboratory Services, making an off-market bid to acquire all ordinary shares in metallurgical services operator Ammtec.
Shares in Balcatta-based minerals tester Ammtec have soared 30 per cent after it received a $123 million takeover offer from laboratory services and chemicals producer Campbell Brothers.
19 May 2010
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