Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through
a scrip deal valued at about $ 18 million.
Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all -
scrip deal valued at more than $ 11 billion.
Not exact matches
Phoenix Gold has reiterated shareholders should reject a cash and
scrip takeover offer from Evolution Mining, even though a rise in Evolution's share price has boosted the
value of the
deal.
Phosphate explorer Minbos Resources has entered into a new agreement to merge with joint venture partner Petril Phosphate, in a
scrip and royalties
deal valued at about $ 20 million.
Diversified mining services company Mineral Resources has announced plans to acquire Atlas Iron in a
scrip deal that
values the iron ore miner at $ 280 million.
Gold junior Spitfire Materials has entered into an agreement to merge with Victoria - based Aphrodite Gold in an all -
scrip deal that
values the target at about $ 32 million.
Priced at a discount to VXGN's net cash and liquidation
values, and payment in the watered
scrip of a speculative biotech play, it's a real dud for VXGN shareholders (see our more detailed take on the terms of the VXGN / OXGN
deal).
It is also priced at a discount to VXGN's net cash and liquidation
values, and payment is to be made in the watered
scrip of OXGN, a speculative biotech play (see our more detailed take on the terms of the VXGN / OXGN
deal).