CAPITAL MARKETS

Brockman formally rejects offer

THE board of Brockman Resources has formally rejected the unsolicited takeover offer by Chinese group Wah Nam International in a letter released to shareholders today, only days after rejecting the bid at its annual general meeting.

MiningNews.Net
Brockman formally rejects offer

The Hong Kong-based company is offering 30 Wah Nam shares for every one Brockman share, valuing Brockman at $A6.47 per share or $923 million, and currently holds a stake of 23% in the iron ore group. ...

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