Kenmare confirms still in discussions with Iluka about possible takeover

By Laura Syrett
Published: Friday, 17 October 2014

Ireland-based Kenmare Resources rejected Iluka Resources’ share-based offer for the company back in June, but a statement published today that negotiations are ongoing may signal that the company is coming round to the idea of a takeover.

Irish mineral sands miner Kenmare Resources Plc confirmed today that it is still in discussions about a possible takeover by Australia’s Iluka Resources Ltd.

“Following the announcement on 26 June 2014 that Kenmare had received a non-binding conditional proposal from Iluka, Kenmare and Iluka are engaged in discussions...

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