April 25 (Reuters) - Metals X Ltd (MLX) :
- Conditional intention to increase aby takeover offer (MLX)
- Says Metals X has been advised by aby that Hindalco has stated its intention to accept the increased offer
- Board of aby recommends that aby shareholders accept if the offer is increased
- Intends to increase offer for aby to one mlx share for every 4 and one-half(4.5) aby shares plus 8 cents per aby share in cash
- Says additional cash component of the consideration is supported by a specific purpose loan facility of $25 million
- Metals X notes that if the rbi approval is not received by Hindalco, then Metals X will not make this increase to the offer
- Hindalco's intention is subject only to receipt of required regulatory approval from rbi & no superior proposal materialising in next 5 business days
News: ABY Metals X says intends to increase offer for Aditya Birla Minerals
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Last
80.5¢ |
Change
-0.005(0.62%) |
Mkt cap ! $75.16M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.5¢ | 80.0¢ | $7.299K | 9.079K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5181 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 1870 | 2 |
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