M&A

Saudis move in on Bemax

STOCKS in Bemax Resources soared more than 40% this morning after the mineral sand miner recommended a $A301 million takeover bid by Saudi Arabia's National Titanium Dioxide Company.

MiningNews.Net
Saudis move in on Bemax

The Saudi company, known as Cristal, has made the Australian producer a conditional offer of 32c per Bemax share, a deal which quickly won the unanimous recommendation of Bemax directors in the absence...

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