Cliffs sweetens takeover offer for Freewest
Dec 03, 2009 | 10:29 AM
| Tom Jennemann
Cliffs Natural Resources Inc. has raised its friendly takeover offer for Freewest Resources Canada Inc. in an effort to beat a rival offer from Noront Resources Ltd.
Cliffs' new all-stock offer values each Freewest share at Canadian 90 cents (85 cents) per share and the entire company at about C$211 million ($200 million). The bid is 40 percent higher than last week's offer of C$150.6 million, or C70 cents....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here