People & Business :: M&A
Elemental gives update on takeover by Dingyi, receives environmental approval for Congo potash
9:47 AM MDT | August 28, 2013 | Natasha Alperowicz
Elemental Minerals (Perth, Australia), a minerals exploration company with rights to the Sintoukola potash project in the Republic of Congo (ROC), said today that it has received a bidder’s statement from Dingyi Group Investment (Bermuda) for a previously announced takeover of Elemental. Dingyi is proposing an off-market takeover for 100% of the fully paid ordinary shares of Elemental at A$0.66/share. Dingyi plans to make the offer to Elemental’s shareholders on 2 September, and the offer should be closed on 21 November. Dingyi, listed on the...
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