Westgold Resources suspects word of its interest in acquiring Musgrave Minerals leaked into the market and affected share trading before its latest move to consolidate gold assets in Western Australia.
Westgold announced on Tuesday that it had made an all-share takeover offer that values Musgrave at $177.3 million, or 30¢ a share.
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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
