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Kenmare knocks back Iluka takeover offer

LONDON-listed titanium producer Kenmare Resources has rejected an initial scrip takeover bid from...

Andrew Duffy

The company said the offer of 0.036 Iluka shares for each Kenmare share was too low and did not recognise the value of its Moma mine in Mozambique as a long life, low cost asset. Kenmare said Iluka’s...

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