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Independence Group NL (ASX:IGO) managing director Chris Bonwick says the company’s bid for Jabiru Metals Ltd (ASX:JML) has been well received by investors.
The takeover bid for the metals producer is worth $535 million.
Mr Bonwick said that in most cases 50 per cent of shareholders will love a proposal and 50 per cent will hate it, but in this case, 90 per cent of shareholders were in favour, he believed.
If the offer is successful, Independence would be the fourth-largest base metals producer in Australia outside of BHP Billiton and Rio Tinto.
Independence Group reported a half year net profit of $22.6 million to 31 December 2010.
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Last
$5.09 |
Change
-0.110(2.12%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.20 | $5.09 | $15.77M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 44376 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 48941 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |
