CAPITAL MARKETS

UCL returns fire

TAKEOVER target UCL Resources has launched a counter-bid for its joint venture partner Minemakers.

Kristie Batten
UCL returns fire

UCL is offering one of its shares for every 1.6 Minemakers shares held plus A4.5c cash for each share held, implying a value of 20.8c per Minemakers share. The offer represents a 6.4% premium to Minemakers’...

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