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Sandfire Resources NL (SFR.AX)

SFR.AX on Australia Stock Exchange

6.83AUD
8:16am IST
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Tue, Jun 25 2019

Australian copper miner Sandfire wins over MOD board with sweetened offer

Australian copper miner Sandfire Resources NL sweetened its takeover offer for smaller rival MOD Resources Ltd on Tuesday, valuing it at A$167 million ($116.25 million) and enough to satisfy MOD's board.

Australia's MOD rejects Sandfire bid as undervalued, willing to negotiate

Australian copper miner MOD Resources said on Monday larger rival Sandfire Resources' A$0.38 a share offer undervalued the company, but said it was willing to engage with its suitor to come to a "compelling price".

UPDATE 2-Australia's MOD rejects Sandfire bid as undervalued, willing to negotiate

Jan 21 Australian copper miner MOD Resources said on Monday larger rival Sandfire Resources' A$0.38 a share offer undervalued the company, but said it was willing to engage with its suitor to come to a "compelling price".

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