Meridian, Northwest tie-up becomes binding

THE acquisition of Meridian Minerals by its largest shareholder China’s Northwest Nonferrous International Investment Company is now legally binding after both parties inked the scheme implementation agreement.

Meridian, Northwest tie-up becomes binding Meridian, Northwest tie-up becomes binding Meridian, Northwest tie-up becomes binding Meridian, Northwest tie-up becomes binding Meridian, Northwest tie-up becomes binding

The proposed bid of $A68 million by Northwest is to secure the remaining 58.6% of Meridian at a price of 14c per share, a 22% premium to Meridian’s closing price of 10.5c on August 18.

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