Pacific wants more for shares

Resource Pacific Holdings, the Australian mining company which is the subject of a Aus$960million (R5,7 billion) takeover bid by Xstrata, wants the global mining group to pay almost Aus$1 a share more for its shares.

Resource Pacific Holdings, the Australian mining company which is the subject of a Aus$960million (R5,7 billion) takeover bid by Xstrata, wants the global mining group to pay almost Aus$1 a share more for its shares.

Xstrata entered the race for Resource Pacific late last year by submitting a Aus$2,85 a share cash offer to rival the Aus$2,40 a share offer tabled by New Hope Corporation. - I-Net Bridge

X