Hyperdrive
Andrew Forrest’s Wyloo Seeks Takeover of Nickel Explorer Mincor
This article is for subscribers only.
Wyloo Metals Pty Ltd., a privately-held mining company owned by Australian billionaire Andrew Forrest, has offered to buy Australian nickel and gold explorer Mincor Resources NL.
The A$1.40 per share offer is a 35% premium on the previous closing price and values the company at A$760 million ($510 million) on a fully diluted basis, the company said in a regulatory filing Tuesday. Mincor is listed on the Australian Securities Exchange.