17/07/2007 - 22:00

ConsMin down on takeover talk

17/07/2007 - 22:00

Bookmark

Upgrade your subscription to use this feature.
ConsMin down on takeover talk
THE much-anticipated takeover bid for Consolidated Minerals Ltd by Territory Resources Ltd was met with a negative response from the stock market this week, with both companies’ share prices falling. ConsMin, which announced it would defer the Thursday shareholder meeting that was to decide on a takeover bid from Pallinghurst Resources, fell 2.9 per cent to $3.35 at end of trade on Tuesday, after receiving the $966 million counter offer from Territory.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options