Independence pounces on Jabiru

NICKEL producer Independence Group has launched a friendly off-market takeover for smaller copper-zinc miner Jabiru Metals, creating a base metals producer with a market capitalisation of around $A1.5 billion.

Independence pounces on Jabiru Independence pounces on Jabiru Independence pounces on Jabiru Independence pounces on Jabiru Independence pounces on Jabiru

Under the bid implementation agreement entered into by both companies, Jabiru shareholders will receive one Independence share for every eight Jabiru shares held, valuing Jabiru at 96.

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