MORE TO FOLLOW) Dow Jones Newswires
September 23, 2007 21:10 ET (01:10 GMT)
DJ Gindalbie Metals, Sundance Resources To Merge - Source
PERTH (Dow Jones)--Gindalbie Metals Ltd. (GBG.AU) and Sundance Resources Ltd. (SDL.AU)
plan to merge, a person familiar with the deal said Monday.
The two iron ore mine developers are based in Perth and are chaired by Western
Australian mining veteran George Jones.
The deal would likely involve a share swap, the person said, and could be announced as
early as Monday.
Based on the market values of the companies, the merger would create a A$2.2 billion
group.
Shares in both companies are in a trading halt.
- Forums
- ASX - By Stock
- SDL
- takeover or merger
takeover or merger, page-2
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online