Regulator says no to lower Kalahari bid

EXTRACT Resources’ major shareholder London-listed Kalahari Minerals is appealing a ruling that blocks would-be suitor China Guangdong Nuclear Power Group from slapping a lower offer price for Kalahari on the table.

Regulator says no to lower Kalahari bid Regulator says no to lower Kalahari bid Regulator says no to lower Kalahari bid Regulator says no to lower Kalahari bid Regulator says no to lower Kalahari bid

In March, China Guangdong Nuclear Power Group made a “possible” offer of 290 pence per share for Kalahari, valuing the company at $A1.

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