M&A

Zinifex takes 5% stake in Allegiance

ZINIFEX has snared a stake of more than 5% in takeover target Allegiance Mining after receiving backing from Allegiance's second-largest shareholder for its $A775 million hostile takeover bid for the nickel play.

MiningNews.Net
Zinifex takes 5% stake in Allegiance

The zinc miner, which has extended its offer period for its takeover bid until 7pm Melbourne time on February 22, now has almost 41 million shares in Allegiance, equating to a 5.28% stake in the company....

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