It’s Hotting up in Nickel
It was all “go” in nickel in August as Andrew Forrest-vehicle Wyloo Metals desperately tried to hold onto Noront Resources (TSXV:NOT). Readers will remember that BHP (ASX:BHP) trumped Wyloo’s original offer with a C$0.55/sh (C$325m) offer in July. After throwing its weight around for much of the month, Wyloo, which is a 37.5% holder in Noront, proposed that Noront shareholders either hold onto their stock and participate in the future that it “would create” or opt for a proposed C$0.70 cash offer had not officially materialised at time of writing (3 September). The delay may be down to the emergence...
Topics
BHP
IGO
M&A
Nickel
Noront
Western Areas
Wyloo
