Nyrstar Offers to Improve Bid for Australia's CBH-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Nickel
  • Aluminium
  • Inventory data
  • Futures movement
  • trend forecast
  • Rare earths
  • Evening comments
  • Wanbao Minerals
  • Stainless steel spot
  • Morning comments
  • Macroeconomics
  • Copper
  • price

Nyrstar Offers to Improve Bid for Australia's CBH

Industry News 09:00:54AM Apr 12, 2010 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.


 

Nyrstar Offers to Improve Bid for Australia's CBH

Industry News 09:00:54AM Apr 12, 2010 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.