FerrAus rejects Wah Nam

AHEAD of its annual general meeting in Perth today, iron ore company FerrAus has advised shareholders to reject a $A267 million takeover offer from Hong Kong-based Wah Nam International Holdings.

FerrAus rejects Wah Nam FerrAus rejects Wah Nam FerrAus rejects Wah Nam FerrAus rejects Wah Nam FerrAus rejects Wah Nam

Wah Nam, which is FerrAus’ largest shareholder with a 19.9% stake, offered a combined $930.6 million earlier this month to buy FerrAus and fellow Pilbara iron ore miner Brockman Resources.

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