MDL mineral deposits limited
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News: MDL Australia's Mineral Deposits rejects higher Eramet offer

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    14/06/18
    14:15
    Post #: 33710773

    June 14 (Reuters) - Mineral sands producer Mineral Deposits (MDL) on Thursday advised its shareholders to reject an increased takeover bid from French miner Eramet SA ERMT.PA , saying that it continued to undervalue the company.

    Eramet on Wednesday increased its all-cash offer for Mineral Deposits to A$1.75 a share from A$1.46 per share previously.

    Eramet declared the revised offer as final.

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