Sign up Australia
Proactive Investors - Run By Investors For Investors

CI Resources close to completing takeover of Phosphate Resources

CI Resources close to completing takeover of Phosphate Resources

CI Resources (ASX:CII) is close to completing the off-market takeover of Phosphate Resources and has declared the offer free of all defeating conditions.

As at 11 November, CI Resource’s voting power in Phosphate Resources was 95.26%.

It had offered 40.3 CI shares for every 1 Phosphate Resources share, or $35.06 each, based on the closing price of CI Shares of $0.87 on the 8 October 2014.

The merged entity will own the phosphate rock mine on Christmas Island, the palm oil plantation estate, along with the palm oil mill and processing facility located in Malaysia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

clapperboard
Fri
According to Liberum, FFI expects the US performance to normalise by the end of this financial year
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"
Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use