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Bauxite Resources considering takeover offer

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
Takeover target Bauxite Resources on Thursday told shareholders not to take any action regarding a proposed takeover offer from Mercantile Investment Company. Mercantile on Wednesday announced its plans to make a proportional takeover bid for half of Bauxite Resources, flagging its intent to halt exploration and to divest of the ASX-listed company’s assets.
 
 
 
 
 

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