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The board of Finders Resources remains firm on its rejection of a hostile takeover bid from Indonesian group Eastern Field Developments, after the major shareholder questioned the company’s supplementary target’s statement. To read more, please Login or Register below
Indonesian group Eastern Field Developments has extended the offer period for its hostile 23-cents-a-share bid for Finders Resources, while also raising a number of concerns with the copper miner’s supplementary target statement. Finders rejected the offer from Eastern in December after an independent expert report from Deloitte valued the company’s shares between 31 and 35 cents. To read more, please Login or Register below
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
