Paladin likely to increase offer: Summit

SUMMIT Resources may be waiting for a higher bid from Paladin Resources, believing that it will not be the uranium producer’s “last move” in its $1 billion scrip takeover offer.

Paladin likely to increase offer: Summit Paladin likely to increase offer: Summit Paladin likely to increase offer: Summit Paladin likely to increase offer: Summit Paladin likely to increase offer: Summit

In a target statement released yesterday, Summit reaffirmed its recommended rejection advice to its shareholders and again outlined that the bid was opportunistic and inadequate.

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