M&A

Tungsten takeover terminated

CANADA'S Almonty Industries has scrapped a planned takeover of ATC Alloys due to issues at the ATC ferro-tungsten plant in Vietnam.

Kristie Batten
Tungsten takeover terminated

ATC had been conducting a review into the 60%-owned plant and the performance of the joint venture under the management of partner George Chen. The review revealed that Chen had been “acting in his own...

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