Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on the
AZTEC Resources Ltd has announced the appointment of Michael Arnett to the position of non-executive chairman, with immediate effect, following the progression of Mt Gibson’s takeover bid for the juni
AZTEC Resources Ltd has announced the appointment of three non-executive directors, following the board’s recommended acceptance of the Mt Gibson takeover bid.
Mount Gibson Iron Ltd has urged shareholders in Aztec Resources Ltd to take up its takeover offer, flagging a compulsory acquisition of the shares should its holding increase to 90 per cent.
Aztec Resources Ltd has announced the appointment of a new chairman and additional directors as well as the stepping down of Ian Burston from his role as chairman.
Mount Gibson Iron managing director Luke Tonkin, fresh from effectively completing the acquisition of Aztec Resources, has played down the immediate prospect of more takeovers in the junior iron ore sector.
Mt Gibson Iron Ltd appears to have won its hostile bid for control of fellow iron ore junior Aztec Resources Ltd after announcing today it had lifted its stake to more than 50 per cent.
A few days after acquiring 19.9 per cent of Mount Gibson Iron Ltd, Russian billionaire Alisher Usmanov has made a move to acquire 6.9 per cent of takeover target Aztec Resources Ltd, at a cost of $23.3 million.
Hong Kong investor Shanghai Merchants Holdings has declared Mt Gibson Iron's hostile takeover offer for Aztec Resources a failure at current levels and has called on the two companies to negotiate an acceptable merger agreement.
Mount Gibson Iron Ltd has extended the closing date of its takeover offer for Aztec Resources Ltd to 5:00 pm WST on November 10, after announcing a five per cent increase of its share in the company.
Shares in squabbling iron ore companies Mt Gibson Iron Ltd and Aztec Resources Ltd jumped two per cent today on news of strategic stakes in both being taken by Hong Kong-based Shanghai Merchants Holdings Ltd.
West Perth-based Mount Gibson Iron Ltd has made its off-market takeover bid for Aztec Resources Ltd unconditional, saying it would shorten the time period for payment of the Offer consideration.
Aztec Resources Ltd has again recommended the rejection of a takeover bid from Mount Gibson Iron Ltd, after securing credit approval for a $100 million finance facility to fund development of the Koolan Island Iron Ore project.
Mt Gibson Iron Ltd has claimed an equity deal struck by target Aztec Resources Ltd today with Australian Royalties Corporation Pty Ltd could actually make its takeover easier because the agreement was below the bid price.
Aztec Resources Ltd requested its shares be suspended from trade today, ahead of confirmation that rights negotiations with Australian Royalties Corporation Pty Ltd were positive.
Watchers of the Mount Gibson Iron Ltd bid for Aztec Resources Ltd will have a tense weekend, with the bigger firm announcing an extension of the closing date of offers made under the takeover bid to November 3.
A new complication in the long-running Mt Gibson Iron Ltd bid for Aztec Resources Ltd has emerged with the target revealing it is in senstive negotiations with another party which could result in a defeating condition in the takeover being triggered.
As it had previously indicated, the Takeovers Panel has declined an application from Aztec Resources Ltd to declare the takeover offer made by Mt Gibson Iron Ltd unacceptable.
