Australian miner, CBH Resources, is to decide shortly on whether an EGM called for 30 March to discuss a takeover from shareholder Toho Zinc, will go ahead after all.
Last week CBH received a bid from Belgian zinc miner, Nyrstar, who have now written to the company saying that it needs to know if the EGM is still to go ahead. CBH said that a preliminary response will be made between now and next Monday, when Nyrstar wants a response to its bid.
Nyrstar’s bid of A19.5c per share compares with an earlier Nyrstar bid of A13.5c per share.
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