CAPITAL MARKETS

Sphere responds to speculation

TAKEOVER target Sphere Minerals says it has not received a proposal from its largest shareholder Sin-Tang Development despite persistent rumours and speculation the Singapore group is about to submit a proposal.

MiningNews.Net
Sphere responds to speculation

It also reiterated its unanimous recommendation to shareholders to accept Swiss mining giant Xstrata’s increased cash offer of $A3 per share, which closes next Friday and values Sphere at around $514 million....

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