Xstrata Nickel acquires LionOre Mining International Ltd.
| Position | AROUND THE NORTH |
A $4.6 billion friendly takeover bid has been announced by Xstrata Nickel for all of the outstanding shares of LionOre Mining International Ltd.
The irrevocable lock up agreement with Xstrata includes all of the deposited LionOre director shares, subject to certain exceptions.
Successful completion of the transaction will strengthen Xstrata's international position as a significant participant in the nickel industry and optimize value through its combination with Xstrata's processing facilities.
The offer will be open for 35 days conditional upon valid acceptance by LionOre...
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