(Reuters) - LionOre advised its investors last week to accept the
Norilsk bid, after Anglo-Swiss miner Xstrata -- which made
prior bids -- elected not to match Norilsk's offer. Norilsk and
Xstrata have also entered a support agreement.
Norilsk also extended the expiration time for its all-cash
offer to June 28 from Monday. LionOre is the world's
10th-largest nickel producer.
Read more at Reuters.com Mergers News
Norilsk bid, after Anglo-Swiss miner Xstrata -- which made
prior bids -- elected not to match Norilsk's offer. Norilsk and
Xstrata have also entered a support agreement.
Norilsk also extended the expiration time for its all-cash
offer to June 28 from Monday. LionOre is the world's
10th-largest nickel producer.
Read more at Reuters.com Mergers News