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Exxaro says no to upping Territory bid

SOUTH Africa's Exxaro Resources says it won't boost its A46c per share bid for Territory Resources following Noble Group's higher, competing bid for the iron ore junior.

MiningNews.Net
Exxaro says no to upping Territory bid

Hong Kong-based Noble, which is also Territory’s largest shareholder, trumped Exxaro’s offer of 46c per share by offering 50c per Territory share, valuing the junior iron ore play at $132.6 million. ...

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