Kalahari Minerals and Chinese state-owned CGNPC expected to meet next week
dealReporter.com - August 12 2011 15:31
Kalahari Minerals [KAH LN] and China Guangdong Nuclear Power Corporation (CGNPC) are expected to meet next week after the latter walked away in early May from a revised 270p per share offer, two sources familiar with the situation told dealReporter.
The first source said talks between the two companies are expected to take place next week. A second source said Kalahari's executive chairman Mark Hohnen will next week travel to China and is expected to meet with CGNPC.
A spokesperson for Kalahari confirmed Hohnen is travelling next week but was unable to confirm his destination or intentions. The first source said the Chinese state-owned nuclear power producer was this week expected to start an internal value discussion about a renewed offer for Kalahari.
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