May 3 (Reuters) - Metals X Ltd MLX.AX :
* Says Aditya Birla Minerals (ABY) has advised Metals X that it has received no superior offer or proposal
* Says ABY Board intends to recommend its shareholders accept increased offer
* Says Metals X and aby signs agreement to manage closing of offer process & change in control of ABY's board of directors
* Says gives update on ABY bid; will formally vary its offer to provide for increased offer consideration upon receipt of rbi approval
* Source text for Eikon ID:nASX1pTGsm