Should have provided a bit mor einfo i guess.TERRITORY RESOURCES...

Should have provided a bit mor einfo i guess.

TERRITORY RESOURCES LTD RECOMMENDS A$0.46 CASH PER SHARE TAKEOVER OFFER BY EXXARO RESOURCES LTD
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HIGHLIGHTS
 Exxaro to make takeover offer for Territory at A$0.46 cash per share
 In the absence of a Superior Proposal, the Offer is recommended by a majority of the Territory Board
 Offer price represents 64% premium to Territory?s last closing share price of A$0.28 per share
 Total equity value of Offer is A$123 million
 Territory?s 11.2% shareholder DCM has executed a pre-bid agreement with Exxaro
 Territory has ceased discussions with Noble in relation to the non-binding proposal announced on 10 May 2011