(Adds background, details on deal)
Oct 18 (Reuters) - Canadian nickel miner Noront Resources Ltd NOT.V said on Monday it had picked a sweetened offer from billionaire Andrew Forrest-owned Wyloo Metals over a bid from BHP Group (BHP) .
The months-long tussle between BHP and Wyloo for Noront highlights a rush among miners to lock in supplies of a key battery metal used in electric vehicles.
Wyloo's 70 Canadian cents per share proposal represents a superior value for shareholders, Noront said, adding BHP has five business days to match the offer.
Wyloo had earlier offered C$0.315 per share and that compared with an offer of C$0.55 from BHP in July.
BHP in August said it would consider matching Wyloo's raised bid.
(Adds background, details on deal) Oct 18 (Reuters) - Canadian...
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Last
$39.64 |
Change
-0.330(0.83%) |
Mkt cap ! $201.3B | |||
| Open | High | Low | Value | Volume |
| $39.77 | $40.20 | $39.30 | $902.1M | 22.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 132000 | $39.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.64 | 4977 | 1 |
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| BHP (ASX) Chart |