Mercantile extends offer period for off market takeover bid of Bauxite Resources
Mercantile OFM has extended the Offer Period of the Off Market Takeover Bid for 50% shares in Bauxite Resources to 7:00pm (Sydney time) 30 April 2018. The company serves a new notice with ASIC to BAU Shareholders encouraging them to read the offer variation.
According to the Extension of the Offer Period the new date for giving of the notice of the status of the conditions to Mercantile OFM’s takeover offer is now 23 April 2018.
BAU Shareholders who have already accepted the Offer before or on the date of the Notice of Variation can still withdraw their acceptance of the Offer.
As the Existing Proportional Takeover Bid has now been extended to 30 April 2018, Bauxite Resources CEO has urged the company shareholders to vote against the bid 14 days prior to close of the Existing Proportional Takeover Bid by Mercantile OFM. Shareholders can vote either by proxy or at the meeting to be held on 23 March 2018.
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