Kaz Minerals PLC - London-based copper company - Nova Resources BV, the investment vehicle of Kaz Minerals PLC Chair Oleg Novachuk, declares its final increased offer unconditional as to acceptances. The takeover offer was raised at the end of March to 850 pence per share, plus a 27 US cents special dividend, valuing Kaz at more than GBP4.1 billion. Nova made its first offer of 640p per share for Kaz last October. In February, Nova increased its bid to 780p per share, valuing Kaz at around GBP3.7 billion.
Current stock price: 863.18 pence, down 0.4% on Friday
Year-to-date change: up 31%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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