Listed Mining Companies
ADD A COMMENT PRINT By: Liezel Hill
4th November 2008
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Pala had offered Rockwell shareholders $0,36 a share, which Rockwell argued did not reflect the true value of the company.
“The reason given by Pala for its withdrawal was that it had determined that a number of the conditions to the offer were incapable of being satisfied prior to the expiry date,” Rockwell said in a statement.
“No further information has been finished to the Rockwell board to explain this withdrawal of the offer.”
Rockwell mines high-value diamonds from alluvial mines in South Africa.
Edited by: Liezel Hill
