Home / Metal News / Nyrstar Offers to Improve Bid for Australia's CBH

Nyrstar Offers to Improve Bid for Australia's CBH

iconApr 12, 2010 09:00
Source:SMM

SYDNEY, Apr. 12 -- The world's biggest zinc producer, Belgium's Nyrstar NV (NYR.BR: Quote), has proposed an improved offer for Australian zinc miner CBH Resources (CBH.AX: Quote), in an effort to muscle out rival bidder Japan's Toho Zinc (5707.T: Quote).

Nyrstar has offered to buy out holders of CBH convertible notes at A$1,000 ($934) for each note, in addition to its offer of 19.5 cents per share, CBH said in a statement on Monday, adding that it had allowed Nyrstar to conduct due diligence.


 

M&A merger and acquisition
Nyrstar
zinc Zn

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All