Eramet: raises takeover bid for MDL

(CercleFinance.com) - Eramet has announced that it has increased the price of its takeover bid on the shares of Mineral Deposits Limited (MDL), which it does not already hold, to the tune of 1.
75 Australian dollars per MDL share.

The mining and metallurgy group also intends to declare the offer free from all conditions if it acquires a significant stake representing at least 50.01% of MDL's shares (on a fully diluted basis).

Furthermore, if the offer becomes unconditional, Eramet will make an accelerated payment of the bid price in 7 working days. The offer period has been extended by three weeks and will expire on 13 July at 19:00 (Sydney time), subject to a further extension.


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