M&A

WTR rejects Base offer

THE board of World Titanium Resources has recommended that shareholders reject a $A14.4 million takeover by mineral sands producer Base Resources.

Kristie Batten
WTR rejects Base offer

WTR said the one-for-five scrip bid was unlikely to garner support from its shareholders. “Importantly, the Base bid is conditional, among other things, on a minimum of 40% of the shares on issue being...

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