Article: BUSINESS IN ASIA TODAY - JAN 29, 2007.

Business in Asia on Jan 29, 2007. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

OXIANA LAUNCHES TAKEOVER BID FOR AGINCOURT RESOURCES

MELBOURNE - Metals miner Oxiana Ltd (ASX:OXR) has made a friendly takeover bid for Agincourt Resources Ltd (ASX:AGC), valuing the target at $A415 million ($US320.48 million). The offer of 0.65 shares in Oxiana for each Agincourt share has been recommended by the Agincourt board. Oxiana says its bid values Agincourt at $415 million, a 34 per cent premium to its share closing price of $1.44 on January 24. ...

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