Manufacturing Industry
METOREX LD - Further re Offer by Xstrata.
PR Newswire UK Disclose, May, 2007
NEWS RELEASE
XSTRATA INCREASES OFFER FOR LIONORE TO C$25.00 PER SHARE IN CASH
Toronto and Zug, 15 May 2007
Xstrata plc (LSE:XTA.L) (ZSE:XTA.S) ("Xstrata") and LionOre Mining
International Ltd.
(TSX:LIM) (ASX:LIM) (LSE:LOR) (BSE:LIONORE) ("LionOre") announced today that
they have amended the terms of their previously announced support agreement in
accordance with which Xstrata made an all-cash offer to acquire all of the
issued and outstanding shares of LionOre (the "Offer") by increasing the
consideration payable under the Offer from C$18.50 to C$25.00 in cash per
LionOre share. The expiry time for the increased Xstrata Offer is midnight
(Vancouver time) Friday 25 May 2007.
Xstrata's increased offer price represents an increase of approximately 35.1%
over...
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