M&A

Flinders rejects West Pilbara bid

SHAREHOLDERS in Flinders Mines have strongly rejected an acquisition from Todd Corporation, and the iron ore developer says it's unlikely the conglomerate will come back with another offer.

Jack McGinn
Flinders rejects West Pilbara bid

Under the deal announced earlier this year, Todd offered Flinders an initial $A10 million for an option to buy the West Pilbara iron ore project. It could have paid another $55 million plus royalties...

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