In a letter released to shareholders, Tethyan Copper Company Ltd's chairman David Humann said Tethyan directors would continue to recommend its shareholders reject Skafell Pty Ltd's offer of 77.5 cents for its shares.
Tethyan Copper Company today hit back at Skafell Pty Ltd through a letter to Tethyan shareholders as the takeover tension between the two companies heats up.
Hong Kong company Skafell Pty Ltd has turned up the heat on its takeover target Tethyan Copper Company Ltd, accusing Tethyan of rushing into a highly damaging deal with a third company.
