News: ATA ATC Alloys announces new takeover offer by Almonty Industries

July 27 (Reuters) - Atc Alloys Ltd (ATA) :

• Recommended new takeover offer for ATA by Almonty Industries
• ATC Alloys recommends new offer for ATC Alloys under which almonty will offer

  to acquire all of the shares in Atc

• Almonty to raise at least US$5.5 million
• Certain shareholders of ATC have entered into pre-bid acceptance agreements

  in respect to 17.1% of ATC'S issued shares

• New offer is unanimously recommended by the directors of ATC, in the absence

  of a superior proposal

• ATC and Almonty have agreed that the original offer is abandoned and will no

  longer proceed