Perilya launches $186.5M takeover

BROKEN Hill zinc and lead miner Perilya has entered into a binding pre-bid agreement with Toronto-listed GlobeStar Mining Corporation to acquire all shares in the copper-gold producer in a deal worth around $C184 million ($A186.56 million).

Perilya launches $186.5M takeover Perilya launches $186.5M takeover Perilya launches $186.5M takeover Perilya launches $186.5M takeover Perilya launches $186.5M takeover

The offer of $C1.65 per share represents a 27% premium to GlobeStar’s closing price yesterday and a 44% premium to the 30-day volume weighted average price on the Toronto Stock Exchange.

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