Original article by Brad Thompson
The Australian Financial Review – Page: 18 : 5-Nov-19
Nickel miner Independence Group is offering one of its shares for every share in Panoramic Resources, valuing the takeover target at $0.476 per share. Independence MD Peter Bradford says Panoramic had previously rejected several approaches regarded a friendly merger, prompting the hostile bid. Bradford anticipates further consolidation among nickel miners, and he expects the recent rise in the price of nickel to be sustained.
INDEPENDENCE GROUP NL – ASX IGO, PANORAMIC RESOURCES LIMITED – ASX PAN, ZETA RESOURCES LIMITED – ASX ZER, BHP GROUP LIMITED – ASX BHP