CAPITAL MARKETS

Sin-Tang targets Sphere

SHARES in takeover target Sphere Minerals continued their upward trajectory today on news Sin-Tang Developments is looking to slap a counter-offer on the table to Xstrata’s all-cash $A428 million bid after taking an 8.6% stake in Sphere last week.

MiningNews.Net
Sin-Tang targets Sphere

The Australian Financial Review today reported, without naming sources, that in a bid to win backing for a rival offer, Sin-Tang’s corporate adviser Argonaut Securities had met with representatives from...

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