17/01/2006 - 21:00

Crosby Capital targets Tethyan

17/01/2006 - 21:00

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Aspiring Perth-based copper and gold miner Tethyan Copper Co Ltd is under a renewed hostile takeover threat from Hong Kong-based Crosby Capital Group. Crosby?s bidding vehicle, Skafell Pty Ltd, has lifted its offer 21 per cent to 77.5 cents a share, making its bid worth $102.6 million.

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