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.