Shandong Gold to seal Cardinal acquisition

Mining News Pro - The fight for Cardinal Resources ownership is nearing a conclusion after all of the company’s directors accepted Shandong Gold Mining’s takeover bid.

Shandong in pole position for Cardinal takeover

Mining News Pro - The board of directors at Cardinal Resources Ltd. is recommending shareholders to accept the off-market takeover offer made by Shandong Gold, which is due to expire on January 12.

Cardinal urges Shandong acceptance

Mining News Pro - The board of takeover target Cardinal Resources have urged its remaining shareholders to accept the offer from Chinese suitor Shandong Gold Mining, after that company’s shareholding in Cardinal increased to 68%.

Shandong Gold makes a clean sweep at Cardinal

Mining News Pro - China’s Shandong Gold Mining has increased its shareholding in takeover target Cardinal Resources to 65.55%, after gaining control of the company just before Christmas, and increasing its offer price to A$1.075 a share.

Shandong emerges victorious in Cardinal takeover tussle

Mining News Pro - Shandong Gold Mining has ended an almost year-long battle for the ownership of Cardinal Resources after winning a 50 per cent interest in the West African focussed company.

Cardinal Resources attracts third bidder in takeover war

Mining News Pro - A long-running battle between Nordgold and China’s Shandong Gold over Cardinal Resources has taken an unexpected turn after a Ghanaian firm formally presented on Tuesday an all-cash, unsolicited offer for the Australian miner.

Takeovers Panel wants no part in Cardinal battle

Mining News Pro - The Australian Takeovers Panel has declined to intervene in the battle between Russian gold miner Nordgold and China’s Shandong Gold Mining for control of ASX- and TSX-listed Cardinal Resources

Australia’s takeovers panel dismisses Cardinal dispute

Mining News Pro - The Australian Government Takeovers Panel has turned down requests to change Nordgold and Shandong Gold’s offer conditions for the Cardinal Resources takeover bid.

Nordgold submits off-market bid for Cardinal in takeover war

Mining News Pro - A battle between Nordgold and China’s Shandong Gold over Cardinal Resources rumbles on as the Russian miner announced on Wednesday it would supplement its A$1-per-share bid with an off-market offer of equal value.

Stalemate reached in Cardinal tussle

Mining News Pro - Chinese suitor Shandong Gold Mining will only increase its offer price for Cardinal Resources to A$1.05 a share, up from its current A$1 a share offer, if a higher competing offer was launched for the junior gold developer.

Nordgold files Takeovers Panel application against Cardinal

Mining News Pro - Nordgold has claimed to the Takeovers Panel that Cardinal Resources has been misleading about its shareholder intentions to accept or reject a takeover bid.

Cardinal still backing Shandong

Mining News Pro - Gold miner Nordgold has told the shareholders of takeover target Cardinal Resources that it wILL not be improving on its A$1 a share cash offer, unless a higher competing offer emerges.

Nordgold taps Takeovers panel in Cardinal tussle

Mining News Pro - Gold miner Nordgold has turned to the Australian Takeovers Panel in its quest to gain ownership of ASX-listed Cardinal Resources, claiming that the takeover target was providing "misleading" statements to the market and creating a false market for the company’s shares.

Nordgold ups the ante in Cardinal battle

Mining News Pro - The directors of takeover target Cardinal Resources have urged shareholders not to take any action regarding an increased offer price from suitor Nordgold.

Cardinal gives Shandong Gold’s upgraded takeover offer the nod

Mining News Pro - Cardinal Resources has accepted a revised takeover offer from Shandong Gold following months of bidding war between the Chinese gold miner and United Kingdom-based Nordgold.

Cardinal prefers Shandong Gold takeover bid

Mining News Pro - Cardinal Resources has responded to takeover bids from Nordgold and Shandong Gold, urging shareholders to accept an offer from the latter.

Nordgold ups offer for Cardinal in takeover battle

Mining News Pro - Nordgold has made an improved offer for its proposed on-market takeover over of Cardinal Resources in order to beat out competition from China’s Shandong Gold

Cardinal board backs Shandong Gold offer

Mining News Pro - Cardinal Resources’ board of directors is backing the improved off-market takeover proposal made last week by China’s second-largest gold producer Shandong Gold.

Shandong Gold bolsters Cardinal takeover bid

Mining News Pro - Shandong Gold Mining has raised its takeover offer for Cardinal Resources following a competing proposal from the target’s largest shareholder, Nordgold.

Nordgold lobs $347m bid at Cardinal in takeover tussle

Mining News Pro - Cardinal Resources has become the focus of a takeover battle between United Kingdom-based Nordgold and China’s Shandong Gold Mining

Nordgold makes new offer for Cardinal

Mining News Pro - West Africa-focused gold explorer Cardinal Resources on Wednesday urged shareholders not to act on a competing takeover offer from producer Nordgold.

China’s Shandong Gold makes move on Cardinal Resources

Mining News Pro - Chinese producer Shandong Gold has made a play for Cardinal Resources with an off-market cash takeover offer for 100 per cent of the target’s shares.

Cardinal gets an offer from Nordgold

Mining News Pro - Gold explorer Cardinal Resources has received an indicative non-binding takeover offer from shareholder Nord Gold (Nordgold), which valued the Australian company at A$227-million.

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