A couple of extracts from the MM deal release...
"OZ Minerals is proceeding with its previously announced asset sale program in relation to
Martabe and Golden Grove. Minmetals’ price will increase if the aggregate net sale proceeds
received for those assets exceeds $425 million (see Attachment)."
"Price adjustment
If, prior to the scheme meeting, OZ Minerals receives sale proceeds for Martabe and Golden
Grove of at least $425 million, the consideration payable by Minmetals will be increased by the
07
amount (if any) by which the net sale proceeds exceed $400 million, divided by the fully diluted
number of OZ Minerals shares on issue."
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when does the patience of the banks run out?, page-25
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