Billionaire Andrew Forrest has raised his stake in takeover target Western Areas in a move that confirms suspicions he will try to complicate IGO Group’s friendly takeover of the nickel miner.
Dr Forrest’s private company Wyloo Metals spent $31.4 million buying Western Areas shares on Friday and Monday at an average price of just under $3.43 per share.
Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
