22/08/2008
The development came as Consolidated's other suitor, Territory Resources Ltd TTY.AX, prepared to make a revised rival offer this week, the newspaper said in an unsourced report.
Territory said last week it may improve its bid. The position of Ukrainian group Pivat, a major Consolidated shareholder, may be crucial to the bid.
Pallinghurst's offer values Consolidated at A$753 million at Friday's close. Territory has made a hostile bid of cash and scrip.
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$63.54 |
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Open | High | Low | Value | Volume |
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6 | 137 | 63.490 |
5 | 186 | 63.480 |
1 | 66 | 63.470 |
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Price($) | Vol. | No. |
---|---|---|
63.540 | 132 | 2 |
63.550 | 25 | 1 |
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63.570 | 25 | 1 |
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