M&A

Zinifex flexes its M&A muscles in $A775m Allegiance bid

MID-TIER zinc play Zinifex has made good on its promise to spend up on mergers and acquisitions, today unleashing a takeover bid for Allegiance Mining worth some $A775 million.

MiningNews.Net
Zinifex flexes its M&A muscles in $A775m Allegiance bid

Allegiance investors welcomed the news with the Tasmanian-focused nickel miner's share price soaring 30c (42.3%) to $1.01 in morning trade, while Zinifex slipped 43c (3.1%) to $13.62. In an announcement...

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