Another case of empty rhetoric or a failed bid?

FIRST Quantum Minerals looks like it will have to sacrifice its credibility if it is to acquire Adastra Minerals, following the target company board’s rejection of First Quantum’s “final” offer.

While First Quantum’s latest cash/scrip offer added more than 19%, or $C36 million ($A44 million), to the original $189 million bid, Adastra’s board has unanimously assessed the bid as “inadequate”.

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