SYDNEY, AUSTRALIA: OreCorp Limited has announced receiving a revised takeover offer from Perseus Mining Limited. The new proposal suggests an increased bid of A$0.575 per share. The offer is contingent upon the OreCorp Board’s recommendation post fulfillment of specific conditions outlined in the Target’s Statement. Major shareholders have signaled their approval of the amended offer.…
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Perseus Mining to make cash offer for OreCorp at 4% premium over Silvercorp
SYDNEY: Perseus Mining Limited has announced its intention to make an off-market takeover offer for all the shares in OreCorp Limited that it does not already own, for A$0.55 per share in cash. The offer values OreCorp at a 4% premium over the implied value of a rival offer by Silvercorp Metals Inc, which was…