POZ poz minerals limited
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News: Mercantile Investment to snap up Phosphate Australia

  1. Proactive
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    31/03/15
    11:12
    Post #: 15010282

    Mercantile Investment Company (ASX:MVT) is making an unconditional cash offer to acquire all shares in Phosphate Australia (ASX:POZ).

    Shaw Stockbroking will on behalf of Mercantile acquire on-market Phosphate Australia shares at $0.02.

    Phosphate Australia has around 161.2 million shares, with Mercantile and its associates already having a relevant interest of around 14.5 million shares.

    The offer is a 11.1% premium to the $0.018 closing price of Phosphate Australia on the 27th March 2015.

     

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