Article: Brazil: Glengarry and Centaurus announce merger.

Byline: manish03

ASX-listed iron-ore miners Glengarry Resources and Centaurus Resources on Thursday announced that they would merge to create a Brazil-focused iron-ore group.

The merged company would aim to produce between three and four-million tons a year by 2013, selling iron-ore into the Brazilian domestic steel industry.

The companies have executed an implementation agreement to effect the merger by way of an off-market takeover bid under which Glengarry would bid for all the shares in Centaurus.

The proposed merger would allow both Glengarry and Centaurus shareholders to benefit from the combination of Glengarry s strong cash ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!