Norilsk Nickel Extends Offer for LionOre Shares to July 23
Norilsk, Russia's largest miner, extended its bid for the remaining stock to allow bondholders to convert their holdings into shares, the Moscow-based company said in an e-mailed statement today.
Norilsk has offered C$6.8 billion ($6.4 billion) for all of LionOre's stock, equivalent to C$27.50 a share. The buyout offer was previously due to end yesterday.
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