ILU 2.69% $9.17 iluka resources limited

Illuka

  1. 5,769 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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Last
$9.17
Change
0.240(2.69%)
Mkt cap ! $3.773B
Open High Low Value Volume
$8.91 $9.18 $8.91 $3.047M 337.4K

Buyers (Bids)

No. Vol. Price($)
10 2434 $9.17
 

Sellers (Offers)

Price($) Vol. No.
$9.18 1869 2
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Last trade - 10.42am 29/01/2020 (20 minute delay) ?
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Last
$9.27
  Change
0.240 ( 3.59 %)
Open High Low Volume
$8.95 $9.27 $8.94 203945
Last updated 11.00am 29/01/2020 (live) ?
ILU (ASX) Chart
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