Davies Ward Reps Minmetals In $1.3B African Mines Deal
Minmetals will pay $7.70 per share in cash for all the Australian-based miner's common stock in a friendly acquisition approved by Anvil's board, Minmetals said.
“Anvil provides an excellent platform and experience to further expand into the central African copper belt and Southern Africa,” Minmetals CEO Andrew Michelmore said during a conference call with investors and analysts Friday.
Minmetals, whose majority shareholder is China...
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