ruukki takeover of slv any thoughts Emma from australia thanks?
ruukki takeover any thoughts
Answers
4078 points
MNSL answered 9 months ago …
We have to analyse some takeovers very carefully.
Pl see following links:
http://www.businessspectator.com.au/bs.nsf/Article/Ruukki-Group-plans-Sylv ania-Resources-scheme-takeo-TH6RV?opendocument&src=rss
Ruukki Group plans Sylvania Resources scheme takeover
Sylvania Resources Ltd announced a merger implementation agreement whereby Ruukki Group Plc, incorporated in Finland, will acquire via a scheme of arrangement 1.81 Sylvania shares for every 1 Ruukki share, equating to an offer of Stg1.05 ($A2.15) per Sylvania share, a premium of 28% to the Sylvania share price of Stg0.82 on June 29.
The scheme is not conditional on the success of Sylvania's off-market takeover for SA Metals Ltd (SXM) nor the success of its off-market takeover offer for all the shares in Great Australian Resources Ltd but it is conditional on the closing of those takeover offers.
http://www.wabusinessnews.com.au/en-story/1/73463/Sylvania-in-466m-merger- with-Ruukki
103 points
Raiziger answered 9 months ago …
This takeover is just fulfilling their strategy to expand their business in South Africa and to develop the mineralbusiness. They try to develop their business to include a wide vertically combined business (Mogato and Sylvania) and get big synergy from these businesses.
In my opinion, this deal is sweet as honey to both sides..
