METS

Ammtec knocks back takeover offer

METALLURGICAL and mineral testing consultancy Ammtec has knocked back last week's unsolicited takeover offer from soap and chemical manufacturer Campbell Brothers, describing the $A3.35 offer as "opportunistic" and saying the offer fails to reflect the improving trading conditions for Ammtec's business.

Nick Evans

Ammtec knocks back takeover offer

Ammtec, which was trading at an average of around $2.71 in the 30 days leading up to the bid, surged on the offer last week, jumping to trade just beneath the offer price. But the Ammtec board rejected...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Pain keeps growing
PREVIOUS: Cairn Hill still on track

MOST POPULAR

1

BASE METALS

Forgotten metal eclipses copper as 2024's best performer

2

PRECIOUS METALS

Copper bull run takes some shape

3

CAPITAL MARKETS

Executive Outcomes: Rio Tinto, Peninsula and more

4

M&A

Northern Star pays big for Solstice's small Hobbes deposit

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902