Norilsk Rises to 2 1/2-Year High as Offer Tops Price

Lock
This article is for subscribers only.

OAO GMK Norilsk Nickel, Russia’s biggest mining company, jumped to the highest in almost 2 1/2 years in Moscow trading after offering to buy back shares at $252 apiece, more than the market price.

Norilsk rose 6.4 percent to $233.50 on the RTS index by the 6:45 p.m. close of trading, the highest price since July 17,