Clock ticking for Andean bid

ANDEAN Resources believes it has beaten off Kingsgate Consolidated’s hostile takeover offer that is set to expire this week, though Andean believes the offer may not be the last to come across its desk. However that view remains unshared by Kingsgate.

Clock ticking for Andean bid Clock ticking for Andean bid Clock ticking for Andean bid Clock ticking for Andean bid Clock ticking for Andean bid

Kingsgate’s current one-for-15 all-scrip offer for Andean expires on May 5, with Kingsgate currently holding 10.39% of Andean’s issued capital. The offer has already been extended once.

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