(Reuters) - Victory Nickel said it had been working to finance a
competing bid for Rio Narcea. It said the "true value" of Rio's
assets could be maximized through a combination with Victory.
Last week, junior miner Rio recommended that shareholders
accept Lundin's sweetened takeover bid, which was extended to
July 16 and, under a support agreement, cannot be extended
beyond July 19.
Read more at Reuters.com Mergers News
competing bid for Rio Narcea. It said the "true value" of Rio's
assets could be maximized through a combination with Victory.
Last week, junior miner Rio recommended that shareholders
accept Lundin's sweetened takeover bid, which was extended to
July 16 and, under a support agreement, cannot be extended
beyond July 19.
Read more at Reuters.com Mergers News
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