Orbis accepts revised SEMAFO offer

ORBIS Gold has recommended an increased $A178 million cash takeover offer from Canada’s SEMAFO, four months after the initial approach.

Orbis accepts revised SEMAFO offer Orbis accepts revised SEMAFO offer Orbis accepts revised SEMAFO offer Orbis accepts revised SEMAFO offer Orbis accepts revised SEMAFO offer

SEMAFO is now offering 71.3c per share in cash, more than double the company’s closing price before the bid was first announced in October.