BHP Group Ltd has started talks with billionaire Andrew Forrest’s Wyloo Metals regarding the takeover of Noront Resources Ltd as both the companies try to acquire the Canadian nickel producer.
In October, BHP increased its all-cash offer for Noront to C$0.75 per share, surpassing Wyloo’s $0.70 proposal.At stake in the scramble for Noront is the Eagle’s Nest nickel asset in Canada’s so-called Ring of Fire, a high-grade deposit of the electric-vehicle battery metal, as well as copper and palladium.
BHP also extended the tender expiry for its takeover from Nov. 9 to Nov. 16, the world’s biggest mining company said on Tuesday.
“BHP and Wyloo Metals have engaged in initial conversations and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP,” the company said in a statement.
BHP Group Ltd has started talks with billionaire Andrew...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $12.54M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $4.565K | 1.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 111 | 89296834 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 51186566 | 43 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| POS (ASX) Chart |