IGO stays strong, relaunches takeover for Panoramic

• Independence Group has relaunched a takeover bid for WA nickel producer Panoramic Resources less than a week after its initial offer was rejected by shareholders
• IGO has resubmitted its original bid, offering investors one share in the company for every 13 held in Panoramic
• The company's new offer represents a 19 per cent premium, and IGO has urged PAN shareholders to accept the offer when it goes live on Monday, November 25
• Panoramic is yet to respond to the new offer at time of writing but reiterated this morning they were open to exploring alternative offers with other companies interested in the Savannah project
• Shares in both Panoramic and Independence were on the rise today. Panoramic closed 6.85 per cent higher with shares trading for 39 cents apiece, while IGO stocks saw a 1.68 per cent increase to A$6.07 each

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