http://www.businessspectator.com.au/article/2013/9/2/markets/brea...

http://www.businessspectator.com.au/article/2013/9/2/markets/breakfast-deals-wilson-htm-treasure

Perilya Limited

A takeover of Perilya is expected to be announced this week after the company entered a trading halt on Friday night “regarding a potential control transaction.”

The company’s share price lifted 10 per cent on higher volumes on Friday in a none-too-subtle hint that action was taking place behind closed doors. The Australian reports that Chinese state-controlled zinc miner Zhongjin Lingnan, which already holds a majority stake (53 per cent), is the likely bidder.

Given Zhongjin Lingnan is the only likely suitor, one suspects the premium on the 22 cent share price won’t be substantial. We shall find out by Wednesday morning when Perilya is due to provide more details to shareholders.