MDL mineral deposits limited
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News: MDL Australia's Mineral Deposits recommends ERAMET's revised $257 mln offer

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    10/07/18
    19:15
    Post #: 34260474

    July 10 (Reuters) - Australia's Mineral Deposits (MDL) said on Tuesday it recommended shareholders accept the revised takeover bid from ERAMET ERMT.PA , noting that the French company had built up a stake that makes it the largest shareholder in the mineral sands producer.

    Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.

    ($1 = 1.3432 Australian dollars)

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