IGO coughs up for Western Areas but still gets a sweet deal

IGO boss Peter Bradford was never going to walk away from acquiring Western Areas, even when the spike in nickel prices forced the need for IGO to increase its offer by 15% to A$1.26 billion, writes Barry FitzGerald.

IGO coughs up for Western Areas but still gets a sweet deal IGO coughs up for Western Areas but still gets a sweet deal IGO coughs up for Western Areas but still gets a sweet deal IGO coughs up for Western Areas but still gets a sweet deal IGO coughs up for Western Areas but still gets a sweet deal

IGO CEO Peter Bradford

Think of IGO's acquiescence on the need for a higher offer as a face-saving exercise after having run away from acquisition opportunities in the past, ones that were public, and the ones that weren't.