https://www.miningweekly.com

Bauba says joint circular on Raubex takeover offer to follow

7th February 2022

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed mining and exploration company Bauba Resources has advised that it is in a process of cooperating with fellow-listed Raubex on a joint circular to shareholders, which will provide more information on Raubex’s mandatory takeover offer and Bauba’s response to it.

Raubex on February 3 acquired a further 24.7% shareholder in Bauba, at a price of 36c a share, and made an offer to acquire the remaining shares for 42c apiece, constituting a full takeover of Bauba.

This barring the 22% stake owned by concert party Pelagic.

The offer is set to open to acceptances on March 2.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION