The language coming out of Ozl is still concerning....."In a market release after Friday close, OZ Minerals said it did not wish to pursue any proposals that had been set before them. OZ Minerals informed the parties at the time that it did not wish to pursue the indicative proposals," the miner said...."However, the company does not expect that any future unsolicited proposal that is similar to the previous proposals would be superior to the Minmetals transaction."
Its disappointing that RBC have left their approach to the death knell, not allowing any real time for "independents" to run a ruler over their proposal - but I hope if the Ozl Board rejects ANY last ditch offers, some type of legal scrutiny does take place to hold the directors accountable.
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