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Independence waves white flag in $312m takeover bid for nickel rival

Brad Thompson
Brad ThompsonReporter
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Independence Group has given up its pursuit of rival nickel miner Panoramic Resources, at least for the time being.

Peter Bradford-led Independence said on Friday that it would let a $312 million takeover bid for its smaller peer lapse based on the breach of some of the offer conditions.

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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
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    Original URL: https://www.afr.com/companies/mining/independence-waves-white-flag-in-312m-takeover-bid-for-nickel-rival-20191227-p53n46