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Andrew Forrest’s Wyloo Metals will acquire Noront Resources after BHP elected not to match a C$1.10 per share offer.
Wyloo's offer is 47% above an earlier 75c per share offer from BHP.
BHP has matching rights but said it would not increase or extend its offer.
Wyloo to convert loan as bids for Noront
BHP v Forrest bidding war (Act 3)
Buyer's remorse taints two mining deals
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