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CBH shares fall on news of takeover talks

CBH shares fall on news of takeover talks

Shares in mining company CBH resources (ASX:CBH) fell 6.9% today, after the company confirmed it was in takeover negotiations with “a number of parties.”

The company said it had received offers from several companies which could lead to a change of control transaction. But all of the offers received are so far incomplete.

The offers compete with an incomplete bid from Nyrstar NV, which in December lodged a conditional, 13.5 cent per share offer.

But CBH denied that Perilya Limited had submitted its own takeover bid, in response to media speculation.

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Tags CBH LimitedminingMergers and acquisitions

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