SolGold has rejected a revised takeover offer from Jiangxi Copper Company, which offered 26 pence per share for the London-listed miner.
The bid, Jiangxi's second approach in a week, was unanimously rejected by SolGold's board, which said the offer undervalues the company and reaffirmed confidence in its standalone prospects.
Under UK takeover rules, Jiangxi now has until 5 p.m. on December 26 to either announce a firm intention to make an offer or walk away.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.