免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Economy

Markets

Industries

Insights

Reports

Events

China Minmetals, OZ Minerals ink $1.21b takeover deal

By Song Jingli (chinadaily.com.cn)
Updated: 2009-04-15 17:27

Debt-laden Australian miner OZ Minerals announced on Tuesday it had signed a $1.21 billion takeover deal with China Minmetals which would leave it with A$500 million ($366 million) in cash.

Related readings:  OZ gets revised Minmetals bid  Minmetals to put overseas minerals assets into OZ Minerals  OZ gets revised Minmetals bid

The revised bid is well below Minmetals' original $1.7 billion offer, and excludes the flagship Prominent Hill mine and other "sensitive assets".

"Once implemented this transaction will provide a complete solution to our financing issues and see shareholders retain their OZ Minerals shares and therefore exposure to the Prominent Hill operation and its long-term growth profile," said Andrew Michelmore, OZ's chief executive officer.

OZ said it expected the deal, which is yet to be approved by Chinese regulators and Australia's foreign investments review board as well as its shareholders, to go through in late June.

To ensure a smooth acquisition, OZ pledged not to voluntarily make contacts with any third party that also intends to bid for it, and agreed to pay a break fee of some $12 million to Minmetals if it breaches the above pledge or the deal eventually collapses owing to reasons on the OZ side.

Australian authorities turned down Minmetals' takeover bid for OZ on March 27, citing national security concerns. The current agreement was based on a revised proposal produced by Minmetals on April 1.