(Bloomberg) -- Shares of Eland Platinum Holdings
Ltd., South Africa's best performing stock over the last year,
fell as much as 26 percent after a report that potential bidders
may have decided against making a takeover offer.
Xstrata Plc and BHP Billiton Ltd. were both willing to
offer around 70 rand ($9.70) for Eland, Johannesburg-based Web
site Moneyweb said, citing people familiar with the situation.
Eland rose to a record 124.90 rand on June 4, almost two months
after saying it was in talks that may affect its shares.
Read more at Bloomberg Emerging Markets News
Ltd., South Africa's best performing stock over the last year,
fell as much as 26 percent after a report that potential bidders
may have decided against making a takeover offer.
Xstrata Plc and BHP Billiton Ltd. were both willing to
offer around 70 rand ($9.70) for Eland, Johannesburg-based Web
site Moneyweb said, citing people familiar with the situation.
Eland rose to a record 124.90 rand on June 4, almost two months
after saying it was in talks that may affect its shares.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment