Sphere rejects Sin-Tang offer

SPHERE Minerals shareholders have only one week left to accept Xstrata’s takeover offer after its directors formally rejected a financing proposal from its major shareholder, Singapore group Sin-Tang Development, this afternoon.

Sphere rejects Sin-Tang offer Sphere rejects Sin-Tang offer Sphere rejects Sin-Tang offer Sphere rejects Sin-Tang offer Sphere rejects Sin-Tang offer

The Sphere board said the conditional financing proposal to develop its Askaf iron ore play in Mauritania did not represent a superior proposal for shareholders, describing it as uncertain, highly

loader