Indophil Turns Down [Pounds]203m Xstrata Offer

Summary


AUSTRALIA'S Indophil resources has rejected a A$426 million ([pounds]203.8 million) cash offer by Xstrata which wants to gain full control of a [pounds]1 billion copper and gold project in the Philippines.

The London-listed firm said it would pay A$1 a share, a 28% premium to its last closing price.

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Indophil Turns Down [Pounds]203m Xstrata Offer

However, an Ind...

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