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【Ferro-alloys.com】JSE-listed mining and exploration company Bauba Resources has advised that it is in a process of cooperating with fellow-listed Raubex on a joint circular to shareholders, which will provide more information on Raubex’s mandatory takeover offer and Bauba’s response to it.

Raubex on February 3 acquired a further 24.7% shareholder in Bauba, at a price of 36c a share, and made an offer to acquire the remaining shares for 42c apiece, constituting a full takeover of Bauba.

This barring the 22% stake owned by concert party Pelagic.

The offer is set to open to acceptances on March 2. 

• [Editor:zhaozihao]