Crosby complains following failed takeover bid

HONG Kong-based asset management group Crosby Capital has stated it will not proceed with an off-market takeover of Perth-based Philippines gold producer Medusa Mining for $A1.15 per share, at least partly due to changing market conditions.

Crosby complains following failed takeover bid Crosby complains following failed takeover bid Crosby complains following failed takeover bid Crosby complains following failed takeover bid Crosby complains following failed takeover bid

The news is of no concern to the Medusa, as the company has already rejected Crosby's takeover offer, saying back in September it was inadequate and opportunistic.