7th February 2012
Monday, May 21st, 2012
Quadra to accept KGHM takeover offer within two weeks?
Analysts polled by Parkiet are convinced that within two weeks' time Canadian mining company Quadra FNX Mining's shareholders will accept Polish copper miner KGHM's offer to buy the company.
Shares in Quadra are being traded at a value close to the Polish firm's offer-per-share, Parkiet reported. This, analysts say, indicates that the market believes there will be no counteroffers and KGHM will not raise its offer price.
The amount offered by KGHM would make the takeover one of the largest ever carried out by a Polish company.
On Monday, Institutional Shareholder Services, a company that advises financial investors about acquisitions, recommended that Quadra shareholders accept the Lubin-based company's offer.
The institution highlighted that KGHM is paying in cash.
From Warsaw Business Journal
Also check out:
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Sierra Gorda mine looks promising for KGHM
KGHM shows interest in Tauron takeover
KGHM forecasts lower net profit for 2012
KGHM forecasts lower net profit for 2012
Poland,Canada to cooperate on energy
Sierra Gorda mine looks promising for KGHM
KGHM shows interest in Tauron takeover
KGHM forecasts lower net profit for 2012
KGHM forecasts lower net profit for 2012
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