Kenmare rejects Iluka takeover bid
Published: Thursday, 26 June 2014
The offer is significant for two reasons, firstly it underscores that despite a difficult trading environment and issues with power, Iluka, the world’s largest mineral sands miner, sees value in Kenmare. It also emphasises Iluka’s determination to continue to expand its own operations, despite a weak TiO2 market
Kenmare Resources has been approached by mineral sands
mining giant Iluka in a potential takeover offer, but has
In a stock filing Kenmare confirmed that it had received an
offer from Iluka and said it was based on a share for share
exchange, with no cash component, with...