CAPITAL MARKETS

ConsMin sets its sights on Titan

CONSOLIDATED Minerals has moved into position to make a scrip and cash takeover bid valued at $94 million for emerging nickel miner Titan Resources.

Michael Quinn

ConsMin has built up a 2.2% stake in Titan over the last few weeks, and has pre-bid agreements for another 12.7% from major shareholders. The chromite and manganese producer is now carrying out due diligence...

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