CAPITAL MARKETS

BC backs $305M bid

AS previously flagged, BC Iron has emerged from a trading halt this morning to announce it is unanimously backing a $A3.30 per share cash offer from Hong Kong-listed Regent Pacific Group.

Kristie Batten
BC backs $305M bid

Taking into account Regent Pacific’s existing 19.9% stake in BC, the $305.5 million offer values the fully diluted equity in BC of $345 million. The offer represents a 4% premium to BC’s closing price...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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