Transpacific, which holds a 15 per cent interest in CMA Corporation, hasreportedly offered $A0.22 per share for the remainder of the company. However,the listed Australian scrap metal recycler has rejected the $A97 million bid asbeing too low. Transpacific's offer represents a 29 per cent premium overthe value of CMA shares on 27 October 2008
recycler rubbishes buyout bid
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