Marathon raises takeover stakes
closed on high today as an order squeezed through.
Date:
4/4/2007
Author:
Chris Milne
Source:
The Australian Financial Review --- Page: 49
Australian-listed Marathon Resources claims that it has a viable uranium project, raising its takeover value. In March 2007, Marathon rejected a hostile bid from Hong Kong-based Crosby Capital Partners. The offer of $A3.52 a share valued Marathon at $A206.5 million. Marathon said that its Mount Gee project in South Australia has an inferred resource large enough to produce about 1,000 tonnes of uranium oxide a year. This would be worth about $A200 million a year at current prices. Marathon's share price rose by $A0.10 to close at $A3.98 on 3 April
Marathon raises takeover stakes closed on high today as an order...
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