Kenmare confirms still in discussions with Iluka about possible takeover
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
Australias 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...