Acquisitive IGO Group managing director Peter Bradford says if other suitors exist for takeover target Western Areas, they have neither matched his company’s commitment to understanding the nickel miner’s true value nor delivered on a deal.
Mr Bradford’s comments came as shares in Western Areas raced ahead of the offer price set under IGO Group’s $1.09 billion all-cash takeover bid on Thursday as investors bet that a rival bid could emerge.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com