CAPITAL MARKETS

Bean counters like Flinders numbers

THE proposed $A554 million cash acquisition of Pilbara developer Flinders Mines by Russian-based Magnitogorsk Iron and Steel Works has been given the thumbs up by chartered accountancy firm Ernst & Young.

MiningNews.Net
Bean counters like Flinders numbers

Their report said the 30 cents per share cash consideration offered to shareholders was fair and reasonable and in the best interests of Flinders shareholders at a premium of between 7.1% and 100% to Ernst...

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