(Bloomberg) -- OAO GMK Norilsk Nickel, the world's
largest producer of the metal, increased an offer for LionOre
Mining International Ltd. by 28 percent to C$6.8 billion ($6.3
billion), trumping an improved bid from Xstrata Plc.
Norilsk bid C$27.50 a share, up from the C$21.50 it
proposed May 3, the Moscow-based company said today in a
statement. Xstrata boosted its offer for Toronto-based LionOre
last week to C$6.2 billion, or C$25 a share. The shares closed
at C$27.25 in Toronto yesterday.
Read more at Bloomberg Emerging Markets News
largest producer of the metal, increased an offer for LionOre
Mining International Ltd. by 28 percent to C$6.8 billion ($6.3
billion), trumping an improved bid from Xstrata Plc.
Norilsk bid C$27.50 a share, up from the C$21.50 it
proposed May 3, the Moscow-based company said today in a
statement. Xstrata boosted its offer for Toronto-based LionOre
last week to C$6.2 billion, or C$25 a share. The shares closed
at C$27.25 in Toronto yesterday.
Read more at Bloomberg Emerging Markets News
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