Business Services Industry
Impala told to jump higher in mine bid.
Australasian Business Intelligence, July, 2003
Jul 01, 2003 (The Australian - ABIX via COMTEX)
South African-based mining company, Impala Platinum Holdings, has made a takeover offer for another miner. Impala already owns 35.7 of Zimbabwe Platinum Mines (Zimplat). Impala has acquired the stake owned by South Africa's ABSA Bank. Impala has offered $A4.08 a share for the remaining 49.5 per cent of the company. However, analysts feel that the offer is too low. The value of shares is felt to be closer to $A5. However, Zimplat's share price fell to $A4.03 on 1 July 2003. Impala refines the metal produced by Zimplat and could fund further exploration of its resources.
Publication Date: 2 July 2003
IMPALA PLATINUM HOLDINGS LIMITED:
ZIMBABWE PLATINUM MINES LIMITED -
ASX ZIM:...
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