IN BRIEF: Kaz Minerals takeover by Nova becomes unconditional
Fri, 9th Apr 2021 17:44
Kaz Minerals PLC - London-based copper company - Nova Resources BV, the investment vehicle of Kaz Minerals PLC Chair Oleg Novachuk, declares its final increased offer unconditional as to acceptances. The takeover offer was raised at the end of March to 850 pence per share, plus a 27 US cents special dividend, valuing Kaz at more than GBP4.1 billion. Nova made its first offer of 640p per share for Kaz last October. In February, Nova increased its bid to 780p per share, valuing Kaz at around GBP3.7 billion.
Current stock price: 863.18 pence, down 0.4% on Friday
Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
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Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
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KAZ Minerals to invest 570 bln rubles in mine, plant to develop Baimskaya Ore Zone
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OFFEROR: Caesars UK Holdings Limited (a wholly-owned subsidiary of Caesars Entertainment, Inc.) Rule 2.6 deadline: N/A Disclosure of dealings and positions in this offeror is not required Notes: 1. Rule 8 of the Takeover Code (the Code ) sets out the circumstances in which Dealing Disclosures and/or Opening Position Disclosures are required to be made by the parties to an offer, persons acting in concert with them, persons with an interest in relevant securities of 1% or more and exempt principal traders ( EPTs ) connected with the parties to an offer. 2. Where an offeror is marked Disclosure of dealings and positions in this offeror is not required , dealings and positions in relevant securities of that offeror are not required to be disclosed under Rule 8. This is either because it has been announced that the offer or possible offer is, or is likely to be,