M&A

Horizon trumps rival Focus deal

A RIVAL bid from an unnamed third party for Focus Minerals' Coolgardie gold project has forced Horizon Minerals to draft a significantly higher counter proposal to match a superior offer for assets, which include the Three Mile Hill processing plant.

Three Mile Hill.

Three Mile Hill.

Horizon had an exclusivity deed with Focus that included matching rights and no-talk and no-shop provisions.   It has now submitted a non-binding counter offer pitched at A$55 million, comprising $12...

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