(Reuters) - The board of South Africa's Highveld Steel and Vanadium Corp advised minority shareholders to reject an offer by majority owned, Russia's Evraz Group, to buy up remaining shares, Highveld said.
The board accepted a valuation by an independent adviser of the firm at 93 rand per share, well above the offer by Evraz of $11.40 or 82.99 rand, according to a circular to shareholders posted on Highveld's website late on Tuesday.
Read more at Reuters Africa
The board accepted a valuation by an independent adviser of the firm at 93 rand per share, well above the offer by Evraz of $11.40 or 82.99 rand, according to a circular to shareholders posted on Highveld's website late on Tuesday.
Read more at Reuters Africa
No comments:
Post a Comment