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MEI Online: General Minerals Engineering: Latest News: January 21st 2010

 
 

Click for more info on Flotation '17

  

:: Outotec Entitled to 58.78% of Ausmelt

Ausmelt directors recommend acceptance of the outotec offer in the absence of a superior proposal.

Further to the December 14th announcement (www.min-eng.com/general/215.html), as at 20th January 2010, Outotec Pty Ltd (Outotec) is entitled to 58.78% of Ausmelt Limited, including the acceptances of all Ausmelt Directors.

The Board of Ausmelt has not received any superior proposals from any other parties since Outotec increased its offer to $1.35 on 22nd December 2009.

Shareholders are reminded of Ausmeltís Board recommendation that in the absence of a superior proposal they accept the Offer.

The Offer is due to close on the 8th February 2010.

 

 

   

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