BHP, Wyloo Metals End Talks; Noront Advises Shareholders To Tender To BHP Lonsdale's Offer

BHP Lonsdale, a unit of BHP (BHP.AX,BLT.L,BBL,BHP), said BHP and Wyloo Metals have determined that they are unable to reach an agreement on a mutually beneficial arrangement for the acquisition of Noront by BHP Lonsdale. BHP Lonsdale and Noront encouraged Noront shareholders to tender to BHP Lonsdale's all-cash offer of C$0.75 per Noront share.

BHP noted that its offer continues to have the support and recommendation of the Board of Directors of Noront. The offer has a minimum tender requirement of more than 50% of the outstanding Noront shares not beneficially owned or controlled by BHP Lonsdale.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22. ANI Pharmaceuticals, Inc. (ANIP) Monday announced a wider loss for the second quarter, despite a 52 percent surge in revenues. For the full year 2022, the company reiterated the adjusted earnings per share range, revenue guidance and raised Cortrophin revenue outlook. The company reported a quarterly... Shares of BioNTech SE were losing around 4 percent in the morning trading in Germany and around 5 percent in the pre-market activity on Nasdaq after the German Covid-19 vaccine maker reported sharp drop in profit and revenues for the second quarter. However, the company recorded strong growth in first-half results. Further, the company maintained BioNTech COVID-19 vaccine revenue guidance
Follow RTT