After acquiring a 96.3 per cent interest in the company, West Perth-based copper producer Straits Resources Ltd will offer one Straits share for every 7.5 shares held in its NSW copper interests spinoff, Tritton Resources Ltd.
In a move to consolidate its copper interests, Perth headquartered Straits Resources Ltd has announced its intention to make an off-market takeover bid for all the shares of its subsidiary, Tritton Resources Ltd.
A TAKEOVER offer from Straits Resources for local target Tritton Resources looks likely to succeed, following recent progress in the bid for the company.Coal and copper producer Straits is expected to