ILU 0.94% $10.78 iluka resources limited


  1. 5,768 Posts.
    ILU was mentioned in Bluechip watch first on 15th May, plus a few more times.

    Today (29th May) we have the announcement listed below.

    Iluka $130m bid for Basin Minerals at $2.10 a share
    09:15, Wednesday, 29 May 2002

    Sydney - Wednesday - May 29: (RWE) - Iluka Resources has made a
    $130 million friendly takeover bid for Basin Minerals.
    Basin directors, who together control about 37.8 per cent of the
    company, will accept the offer for their shareholdings.
    The offer comprises a cash-only alternative of $2.10 a share; a
    scrip alternative of 10 Iluka shares per 23 Basin; or a mix of the two.
    Iluka is also offering $1.85 cash per listed option.
    Iluka said the takeover of Basin would create substantial and
    quantifiable value, and would allow Iluka to realise the full potential
    of its mineral sands interests in the Murray Basin.
    Iluka was formed in December 1998 through the merger of RGC Ltd
    and Westralian Sands Ltd.
    Shares in Basin closed yesterday at $1.50 and Iluka at $4.86.
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Mkt cap ! $4.573B
Open High Low Value Volume
$11.07 $11.07 $10.73 $15.03M 1.392M

Buyers (Bids)

No. Vol. Price($)
1 1552 $10.78

Sellers (Offers)

Price($) Vol. No.
$10.79 6296 2
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Last trade - 16.10pm 27/05/2022 (20 minute delay) ?
0.100 ( 0.75 %)
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$10.99 $11.04 $10.74 668801
Last updated 15.59pm 27/05/2022 (live) ?
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