Two major Finders Resources shareholders have joined forces to try to seize larger stakes in the copper junior through a $178 million hostile cash offer.
Indonesian-backed Provident Capital Partners, Finders' largest shareholder, and Saratoga Investama Sedaya, the company's third-largest holder, have formed a consortium to make an offer for the company, along with a local miner they are both significant shareholders in, Merdeka Copper Gold.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
