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Takeovers Panel asked to step into Cardinal morass

AUSTRALIA's Takeovers Panel has rejected one request to involve itself in the A$500 million bidding war for Ghana gold player Cardinal Resources, but has three more petitioners knocking on its door.

Haydn Black
The access road to Namdini

The access road to Namdini

UK-based Samson Rock Capital, which controls around 5.55% of Cardinal, and which earlier signed a letter indicating it intends to accept a $1 per share bid from Shandong Gold, has made three applications ...

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