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Article: BUSINESS IN ASIA TODAY - JAN 29, 2007.
- Article from:
- AsiaPulse News
- Article date:
- January 29, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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. ...