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News: ATA ATC Alloys announces new takeover offer by Almonty Industries

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    July 27 (Reuters) - Atc Alloys Ltd (ATA) :

    • Recommended new takeover offer for ATA by Almonty Industries
    • ATC Alloys recommends new offer for ATC Alloys under which almonty will offer

      to acquire all of the shares in Atc

    • Almonty to raise at least US$5.5 million
    • Certain shareholders of ATC have entered into pre-bid acceptance agreements

      in respect to 17.1% of ATC'S issued shares

    • New offer is unanimously recommended by the directors of ATC, in the absence

      of a superior proposal

    • ATC and Almonty have agreed that the original offer is abandoned and will no

      longer proceed

                        
 
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