Noront not keen on takeover bid
about 3 years in thesudburystar
Canadian miner Noront Resources is looking to adopt a poison-pill plan to thwart a potential takeover of the company by Australian mining magnate Andrew Forrest’s Wyloo Metals. Wyloo’s unsolicited bid for the remaining shares of the company values Noront at C$133 million ($110.12 million), or C$0.315 per share. It is Noront’s top shareholder, with a 23 per cent stake as […]
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