Deals
Vale’s $1.1 Billion Target Metorex Gets Unsolicited Interest
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Metorex Ltd., the target of a $1.1 billion takeover bid from Brazil’s Vale SA, received an unsolicited approach from another party.
“There is currently no certainty that Metorex will receive a firm intention to make an offer from the alternate party,” Johannesburg-based Metorex said today in a statement.