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DMC eyes Chinese bid

TAKEOVER target DMC Mining and China's Meijin Energy Group have entered into a conditional takeover bid implementation deed, with Meijin's proposed offer valuing DMC at $A43.4 million and trumping the rival Cape Lambert bid.

MiningNews.Net
DMC eyes Chinese bid

DMC announced today that under the deed, Meijin would acquire all the ordinary shares in DMC for 50c per share in cash through an off-market takeover. The Meijin offer will provide a 66.7% premium to...

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