Ivanhoe Mines and Chalco agree to extend Chinese takeover bid of SouthGobi - InfoNews

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Ivanhoe Mines and Chalco agree to extend Chinese takeover bid of SouthGobi

July 03, 2012 - 9:40 AM

VANCOUVER - Ivanhoe Mines Ltd. (TSX:IVN) and Aluminum Corp. of China (Chalco) say they've agreed to extend by 30 days the time for Chalco to make a proportional takeover bid for up to 60 per cent of SouthGobi Resources. The offer of $8.48 per share is subject to Canadian and Chinese regulatory approvals as well as Chalco shareholder approval.

News from © The Canadian Press, 2012
The Canadian Press

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