Panoramic Resources has moved a step closer to completing its $40 million takeover of Magma Metals, with the target recommending its shareholders accept the bid.
Panoramic Resources has waived the last remaining condition on its $40 million takeover bid for Magma Metals, after increasing its stake in the target to just over 44 per cent.
Panoramic Resources has moved closer to completing its hostile $40 million takeover of Magma Metals, with the suitor’s third-largest shareholder moving to accept the bid.
04 May 2012
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