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Magma slams takeover bid

JUNIOR explorer Magma Metals has taken a swipe at Panoramic Resources in the latest instalment of the nickel miner's unsolicited $A40 million takeover bid, saying the offer "fails to stack up".

MiningNews.Net
Magma slams takeover bid

In a statement released today Magma directors reaffirmed that company shareholders should reject Panoramic’s offer of two new shares for every 17 Magma shares held, valuing Magma at 15.5c per share. ...

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