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Independence Group lobs hostile bid for Panoramic

Independence Group has lobbed a hostile scrip bid for re-emerging nickel producer Panoramic Resources that features a 40-50% premium on recent market trades and values the target company at more than A$300 million (US$207 million).

Independence Group lobs hostile bid for Panoramic Independence Group lobs hostile bid for Panoramic Independence Group lobs hostile bid for Panoramic Independence Group lobs hostile bid for Panoramic Independence Group lobs hostile bid for Panoramic

Independence Group is trying to add Panoramic Resources' nickel assets into the mix with its circa A$300 million scrip bid