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Russians cut Mantra bid

RUSSIA'S ARMZ has cut its takeover bid for African uranium explorer Mantra Resources to $A7.02 per share due to "a material adverse effect" following the nuclear power disaster at the Fukushima reactor in Japan.

MiningNews.Net
Russians cut Mantra bid

The revised bid, which is down from $8 per share previously, includes $6.87 per share in cash, to be paid by ARMZ, and an unfranked cash dividend of 15c per share, to be paid by Mantra. It values Mantra...

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