take over battle might over for tty, page-2

Reckon TTY take over bid might be up sh#t creek with out a paddle, reckon we might see share price break through $1.01 resistance shortley

ConsMin recommends Palmary offer
3-September-07 by Staff Reporters

The board of Consolidated Minerals Ltd has recommended Palmary Enterprises Ltd's $902 million, or $3.95 per share, all-cash takeover bid for the company, withdrawing its favourable recommendation for the Pallinghurst bid.

The Ukranian bid came last week, raising the stakes in the battle for ConsMin and nearly doubling the original bid by Brian Gilbertson's UK-based investment group Pallinghurst.

Michael Kiernan's Terrirtory Resources was also in the fray with an offer of $2 cash plus 1.5 ordinary Territory shares for each ConsMin share.