Some of Australia's best known investors will seek a higher price from French giant Eramet before they part with all of their shares in takeover target Mineral Deposits (MDL).
Eramet on Friday lobbed a $287.5 million offer for the mineral sands producer, which counts A-list investors like Alex Waislitz's Thorney Investments, Ellerston Capital, Allan Gray and big super funds like HESTA among its biggest shareholders.
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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