Norton's offer for Bullabulling gains traction
PERTH (miningweekly.com) – Gold miner Norton Gold Fields has increased its shareholding in takeover target Bullabulling Gold to 41.35%, prompting an increased offer clause.
In June, Norton increased its takeover offer for Bullabulling from 7c a share to 8c a share, on the condition that the company obtained a relevant interest of 30% or more in the takeover target by June 30.
Norton has increased its shareholding in Bullabulling despite the takeover target’s insistence that the offer price was inadequate and opportunistic. The Bullabulling directors have maintained their recommendation that shareholders reject the Norton offer.
However, Norton said on Tuesday that the recent support of the offer emphasised the attractiveness of the revised offer price, with the increased offer likely to result in more shareholders accepting the offer.
The company has again recommended that shareholders accept the offer, warning that stubborn investors could become minority shareholders in a company controlled by Norton.
Norton has further warned that the company would not increase its takeover price.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















