M&A

Mineral Deposits says French partner not being 'fair' with bid

MINERAL Deposits is protesting that its French partner Eramet is not being "fair" with its' A$1.46 per share bid for the ASX-listed company and has set up a "data room" to try and get a higher bid.

Grande Cote is a key asset held 50% by Mineral Deposits.

Grande Cote is a key asset held 50% by Mineral Deposits.

The Mineral Deposits' board recommendation to shareholders to reject the Eramet bid comes with the claims the 50:50 mineral sands joint venture will likely generate free cash flow in the order of US$82-162...

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