Eramet to swallow Weda Bay

ERAMET is set to take over Canadian-based Weda Bay Minerals in a $C270 million ($A316.5 million) deal that will see the French metals group snare the large Halmahera nickel-cobalt project in Indonesia.

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Eramet is offering $2.70 for each Weda Bay share, a deal that is backed by the Weda Bay board.

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