3rd Dec 2021 12:26
BHP Group PLC - Melbourne-based miner - Extends date of expiry of its offer to acquire Canadian miner Noront Resources Ltd to January 14 from December 14. Bidding rivals BHP and Wyloo Metals Pty Ltd are still considering an arrangement for the acquisition of Noront.
BHP in October upped the ante in its bidding war with Wyloo, increasing its offer for Noront to CAD0.75 per share, from its original tilt of CAD0.55, and besting Wyloo's updated CAD0.70 bid made at the end of August. Wyloo first made an offer for Noront in May at CAD0.315 per share.
Current London stock price: 2,072.50 pence; down 1.3% on Friday
Year-to-date change: 7.6%
Current Johannesburg stock price: ZAR437.63, down 0.8%
Year-to-date change: up 12%
By Greg Roxburgh; [email protected]
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