M&A

Westgold formally walks from the wreckage of the Gascoyne bid

WITH Westgold Resources formally pulling its bid for Gascoyne Resources, one of the more bewildering M&A outcomes of recent years looks to have drawn to a close.

 Westgold had ore for Dalgaranga plant

Westgold had ore for Dalgaranga plant

Bewildering because Gascoyne shareholders now hold stock trading well below the value offered by Westgold, and because Gascoyne's board, chaired by George Bauk, and major owners all deemed the deal offered...

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