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http://www.news.com.au/adelaidenow/story/0,22606,21674174-91… May 05, 2007 02:15am Article from: Font size: + - Send this article: Print Email MARATHON Resources could be staring down the barrel of another takeover bid, or conversely have two very powerful white knights after moves on its share register. In separate lodgings on the Australian Securities Exchange, Talbot Group Holdings and Chinese investment group CITIC Australia yesterday both announced they had moved to a 19.9 per cent stake in the Adelaide-based uranium exploration company. The companies, which have made a number of other investments in the past year, now control almost 40 per cent of the company. The 19.9 per cent figure is important because it is the point beyond which a full takeover bid must be launched. The move also blocks Crosby Capital Partners' long-running takeover bid, which at $3.52 per share is well out of the money. The changes were each made up of a mix of the exercise of options and the purchase of shares. The companies also released a memorandum of understanding stating they would discuss Marathon matters, but were not involved in any link related to the company. Marathon shares closed steady at $5.50 yesterday. The management of Marathon, CITIC and the Talbot Group could not be contacted late yesterday. On Monday, Marathon chairman Peter Williams reiterated the board's rejection of the Crosby Capital Partners offer. Previously, the Talbot Group and CITIC held 8.8 per cent and 8.38 per cent of the stock in Marathon respectively. Marathon shares have been on a steep trajectory for the past year as the company progressed its Mt Gee uranium deposit towards commercialisation - a decision which has not yet been made. |
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| aus der Diskussion: | Marathon Resorces: Gewaltige Uranmengen in Australien! |
| Autor (Datum des Eintrages): | Maigret (04.05.07 17:48:13) |
| Beitrag: | 145 von 205 (ID:29135993) |
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