BC Iron declares IOH takeover unconditional
JOHANNESBURG (miningweekly.com) – ASX-listed BC Iron on Friday declared its off-market takeover offer for Iron Ore Holdings (IOH) free of all remaining defeating conditions.
BC Iron is offering 0.44 of its shares and A$0.10 in cash for each IOH share.
“BC Iron urges all IOH shareholders who have not yet accepted the offer to accept without delay,” the company said in a statement.
By close of business on Thursday, BC Iron’s voting power in IOH stood at 83%. The offer is scheduled to close on October 14.
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