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Blumont to bid for Australia's Genesis
Published Fri, Jan 24, 2014 · 10:00 PM
Singapore
BLUMONT Group is launching an all-share bid for all of Australia-listed miner Genesis Resources, the products sterilisation company turned mining holding company announced yesterday.
Blumont is offering 5.3 new Blumont shares for every two Genesis shares, which would give Genesis shareholders a 16.48 per cent stake in Blumont if the offer is fully accepted.
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