Andrew Forrest has launched a $760 million takeover bid for Mincor Resources in his latest quest for nickel assets that has ramifications for BHP.
The offer, via Dr Forrest’s privately owned Wyloo Metals, is pitched at $1.40 a share – a 35 per cent premium on Mincor’s closing price on Monday.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
