26
Oct
13:22
SQM acquires Australia’s Azure Minerals for $1 billion
Australian junior miner Azure Minerals said Thursday it has accepted an AUD 1.63 billion ($1.03 billion) takeover offer from Chilean mining major SQM, Kallanish notes.
Under the binding transaction implementation deed (TID), SQM will acquire all of Azure’s shares for AUD 3.52 per share, representing a premium of 44.3% to the stock’s last closing price of AUD 2.44/share on Friday. The deal comes months after the Australian miner rejected SQM’s tak…
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Very good overview of the weekly steel market.
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