Evraz submits mandatory tender offer for remaining Timir shares
Mining group Evraz announced Monday that as part of its agreement to acquire a 51 per cent stake in OJSC Timir, it has submitted a mandatory tender offer to Timir's shareholders to acquire the remaining shares.
Mining group Evraz announced Monday that as part of its agreement to acquire a 51 per cent stake in OJSC Timir, it has submitted a mandatory tender offer to Timir's shareholders to acquire the remaining shares.
The group offered the equivalent of $32.7 for every Timir share.
Evraz said it does not expect the offer, which will remain open until July 8th to be accepted.
The share price fell 1.12% to 158.30p by 16:45 Monday.
NR