JOHANNESBURG (miningweeekly.com) – New Zealand’s Todd Corporation has again extended the offer period under the takeover bid for ASX-listed Flinders Mines, with the offer now set to close on July 18.
Todd previously extended the offer period to June 27.
Todd said earlier this month that it had no intention to increase the offer price of 2.5c a share, denying speculation that, shortly after the close of its takeover bid for Flinders, it intended to undertake a further process to acquire any remaining shares at a higher offer price.
Todd was interested in Flinders’ West Pilbara Iron Ore Project, in Western Australia, and had previously tried to enter into an alliance on the development of the project.