M&A

Crusader merger axed

MORE than a week after shareholders in AIM-listed Stratex International turfed out CEO Marcus Engelbrecht and put the mockers on a merger with ASX-listed Crusader Resources, the deal is officially off.

Haydn Black
Crusader merger axed

The Brazil-focused Crusader confirmed it had issued a formal termination notice after Stratex’s board told it shareholders would not support the deal. Crusader agreed to the A$54.2 million all-scrip...

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