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News: MVT MHM Metals receives intention to make off-market takeover offer from Cadmon Ventures pty

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    09/02/17
    19:45
    Post #: 22498979

    Feb 9 (Reuters) - MHM Metals Ltd (MHM)

    • Received an intention to make an off-market takeover offer for all of ordinary shares in company from Cadmon Ventures Pty
    • Bidder proposes to offer MHM shareholders $0.0435 in cash for each MHM share they own, valuing equity in MHM at $5.93 million
    • Offer price superior to existing off-market takeover offer from Mercantile OFM a wholly owned subsidiary of Mercantile Investment Co
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