Anvil backs Minmetals' $1.3B bid

RUMOURS earlier this month of a potential Chinese bid for dual-listed Anvil Mining have proven to be correct with Minmetals today announcing a $A1.3 billion takeover play for the Congo-based copper miner and investors have welcomed the news.

Anvil backs Minmetals' $1.3B bid Anvil backs Minmetals' $1.3B bid Anvil backs Minmetals' $1.3B bid Anvil backs Minmetals' $1.3B bid Anvil backs Minmetals' $1.3B bid

Minmetals Resources will fork out $C8 ($A1.04) per Anvil share under the friendly takeover bid, which represents a 39% premium to Anvil’s last traded price on the Toronto Stock Exchange.

loader