OTCQX:YZCAY - Post by User
Comment by
Grebmoolbon Nov 13, 2009 4:28am
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Post# 16482762
RE: RE: Yanzhou wobble as counter bidders wait
RE: RE: Yanzhou wobble as counter bidders waitFelix Resources - Yanzhou are bidding $16.95 per share in an offmarket bid - are to bring forward the 50c extra dividend to December 9 2009. Felix directors are to loan Felix A$97 million to enable them to pay the fully franked dividend without breaching takeover rules when a company is a subject of a bid.
Felix go XD on 19th November and that leaves the company open to a counter-bid, without encumbrance, from the Anglo Swiss, Xstrata or the Aussie miner BHP Billiton.