ADY 0.00% 0.6¢ admiralty resources nl.

wmc's independant valuation

  1. 231 Posts.
    0912 [Dow Jones] WMC Resources (WMR) remains under focus, with group likely to
    lodge target's statement with ASX as early as today. Document expected to
    reiterate advice urging shareholders to reject Xstrata's A$6.35/share takeover
    offer, which it has labeled "materially inadequate". Investors speculate release
    of report could be catalyst for a counterbid by either BHP Billiton (BHP) or Rio
    Tinto (RIO) as target statement may also include independent valuation. WMR last
    traded at A$7.22. (ERJ)
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