EQN 4.00% 24.0¢ equinox resources limited.

it's on. minmetals bids for equinox, page-32

  1. 4,802 Posts.
    lightbulb Created with Sketch. 1438
    "Equinox rose to C$7.55 yesterday, 7.9 percent more than the C$7-a-share offer from Minmetals, a unit of state-owned China Minmetals Group. The level above the bid was the largest of any takeover in Asia greater than $1 billion, according to data compiled by Bloomberg. UBS AG said fair value for a purchase of Equinox is C$8.28, 18 percent higher than the original proposal."

    http://www.bloomberg.com/news/2011-04-05/china-need-to-acquire-africa-means-bid-for-equinox-increases-18-real-m-a.html
 
watchlist Created with Sketch. Add EQN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.