M&A

Bidding war for NQM heats up

CONQUEST Mining has upped the offer in its off-market takeover bid for North Queensland Metals, throwing a A5c a share sweetener into the pot in an effort to tempt shareholders away from a rival bid by Heemskirk Consolidated.

Nick Evans
Bidding war for NQM heats up

The move comes after Heemskirk put an all-share bid on the table for NQM, offering 1.2 Heemskirk ordinary shares for each NQM share on issue. That offer values the company at $84 million - 42c per share,...

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