Companies & Finance

AWE sets three-day limit to match Mitsui takeover bid

The Australian has given mining company Mineral Resources three days to match a $480 million takeover bid from Japan’s Mitsui.
By Staff reporter 31 January 2018 0 29356

Australia’s AWE has given mining company Mineral Resources three days to match a $480 million takeover bid from Japan’s Mitsui, according to Reuters.

Notice was given on Tuesday and Mineral Resources has until Friday to make an offer. If one is not forthcoming, AWE will back the Japanese bid.