BHP swoops on Wyloo takeover target

BHP has launched a C$325 million cash takeover offer for Toronto-listed Noront Resources to obtain a nickel exploration project in the Ring of Fire in Ontario.

BHP swoops on Wyloo takeover target BHP swoops on Wyloo takeover target BHP swoops on Wyloo takeover target BHP swoops on Wyloo takeover target BHP swoops on Wyloo takeover target

The Eagles Nest project in the Pilbara

Noront directors, senior management and a major shareholder holding an aggregate of 9.9% of Noront agreed to tender their shares to the 55c per share offer, a 69% premium.

BHP already owns 3.