Original article by Brad Thompson, Peter Ker
The Australian Financial Review – Page: 12 & 16 : 1-Sep-21
Andrew Forrest’s Wyloo Metals has increased its takeover bid for Canadian nickel explorer Noront Resources to $C0.70 per share. Wyloo had initially offered just $C0.315 per share, before BHP upped the ante with an offer of $C0.55 per share. Wyloo holds a stake of about 25 per cent in Noront, although this could be increased to 37 per cent via a convertible loan. Forrest has indicated that Noront could potentially remain a listed company if Wyloo’s takeover bid succeeds.
WYLOO METALS PTY LTD, NORONT RESOURCES LIMITED, BHP GROUP LIMITED – ASX BHP