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Home / Metal News / Toho Zinc Raises Bid for Australia's CBH Resources

Toho Zinc Raises Bid for Australia's CBH Resources

Apr 20, 2010 09:00

Source:SMM

SYDNEY, Apr. 20 -- Japan's Toho Zinc (5707.T: Quote) has raised its offer for Australian zinc miner CBH Resources (CBH.AX: Quote) to 30 Australian cents per share, hoping to knock out rival bidder Nyrstar (NYR.BR: Quote), the world's top zinc producer.

CBH Resources revealed the new offer on Tuesday, advising its shareholders to take no action for now. Toho Zinc, which had previously bid 25 cents a share, is looking to raise its existing stake in CBH Resources to no more than 49.9 percent.

M&A merger and acquisition

Nyrstar

zinc Zn

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Toho Zinc Raises Bid for Australia's CBH Resources

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