RE:Company takeoversRemember Tyler Resources? They had high hopes too.
Jinchuan Group to Acquire Tyler Resources for CDN$1.60 Per Share
CALGARY, ALBERTA--(Marketwire - Jan. 6, 2008) - Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") is pleased to announce that it has signed a definitive support agreement with Jinchuan Group Ltd. ("Jinchuan"), China's largest producer of nickel, cobalt and platinum group metals and a major producer of copper, pursuant to which Jinchuan will make an offer (the "Offer") to acquire all of the issued and outstanding common shares on a fully diluted basis (the "Shares") of Tyler for Cdn$1.60 per Share in cash. The Offer values Tyler at approximately Cdn$214 million on a fully diluted basis.
The Offer represents a 116% premium to Tyler's closing price on October 18, 2007, the last trading day prior to the announcement of the unsolicited offer by Mercator Minerals Ltd. ("Mercator"), and represents a 60% premium to Tyler's most recent closing price on January 4, 2008. In addition, the Offer represents a 54% premium to Mercator's November 9, 2007 unsolicited offer based on Mercator's closing price on January 4, 2008.