Molymet, Luomo High-Tech to complete deal by April

Dec 21, 2009 | 10:47 AM |

Molibdenos y Metales SA (Molymet) expects to complete a deal to acquire 50 percent of China's Luoyang High-Tech Molybdenum & Tungsten Material (Luomo High-Tech) by April.

The two companies agreed to a term of about 120 days to obtain corporate authorization and to satisfy other conditions of the transaction, Chile-based Molymet said in a filing with the country's....

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