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Australia's Panoramic Resources forms data room for alternate proposals

Published 22/11/2019, 09:04 am
© Reuters.  Australia's Panoramic Resources forms data room for alternate proposals
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Nov 22 (Reuters) - Australian nickel miner Panoramic Resources PAN.AX on Friday said it formed a data room to provide information to a number of parties, including its larger peer Independence Group IGO.AX to enable them to put forth alternative proposals.

The company said in a statement that alternative proposals received will be assessed against the terms of Independence's existing A$312 million ($211.72 million) takeover offer.

($1 = 1.4736 Australian dollars)

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