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Title: LIM- what happens now? Post by: Maxpowers on June 29, 2007, 10:57:44 PM The shareholders of LionOre Mining International Inc. (TSX:LIM) have
accepted the $CDN27.50 per share cash offer from OJSC MMC Norilsk Nickel. LionOre Mining will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Capped Materials and Capped Diversified Metals & Mining and the S&P/TSX Global Mining indices. The transaction will be effective after the close on Friday, July 6, 2007. Title: Re: LIM - what happens now? Post by: Super Stock Picker on June 29, 2007, 11:28:26 PM In another news:
Quote Norilsk gains control of LionOre Norilsk Nickel, the Russian metals producer, said on Friday it had won control of Canadian nickel miner LionOre and had acquired 90 per cent of its shares. Norilsk's all-cash offer of C$6.8bn ($6.4bn) for LionOre trumped UK-listed Xstrata's earlier offer of C$6.2bn and represents the Russian group's largest investment to date outside its home market. LionOre owns nickel mines in South Africa, Botswana and Australia. Denis Morosov, general director of Norilsk Nickel, said: "We are pleased by this strong response from LionOre shareholders to our offer and will now proceed to complete this transaction and bring LionOre into the Norilsk Nickel Group." He said the addition of LionOre would generate synergies, bring growth in nickel production and further diversify Norilsk's international presence. The group extended the deadline of its bid for LionOre from Friday to July 10 to enable shareholders that have not yet tendered their shares to accept the offer. So, you are still able to accept their offer until July 10, I think that you have to call your broker and give your instruction to them. More practically, you can also sell your shares on the market as the price should now be lock at 27.50 or around. Title: Re: LIM- what happens now? Post by: Maxpowers on June 30, 2007, 09:56:31 AM In terms of the low PEG portfolio- SSP will be selling LIM.TO?
Title: Re: LIM- what happens now? Post by: Super Stock Picker on July 03, 2007, 09:26:51 PM Yes,
The next batch of orders will include the sale of LIM. Exceptionally, an order will be executed in the Low PEG Ratio portfolio on a day that is not the 15th... |