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Tables turned on Indophil with Xstrata takeover bid

SWISS giant Xstrata today launched a takeover play for Melbourne-based Indophil Resources, its jo...

MiningNews.Net

The bid offers $A1 for each Indophil share and values the company at $426 million, which Xstrata said was a premium of 28% to Indophil's last closing price of 78c. Shares in Indophil jumped to $1.095...

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