CAPITAL MARKETS

Noble launches competing bid for Territory

TERRITORY Resources' largest shareholder Noble Group has responded to a takeover bid for Territory by Exxaro Resources by launching its own higher, competing takeover bid valuing the iron ore junior at around $A132.6 million.

Kristie Batten
Noble launches competing bid for Territory

Hong Kong-based Noble has trumped Exxaro’s offer of 46c per share by offering 50c per Territory share. Noble has been steadily building its holding since Exxaro’s offer emerged on May 23, going from...

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