CBH Resources Ltd
(ASX:CBH) has issued a statement in response to intense media scrutiny that the company has received since entering a trading halt last week.
The company placed its shares in a trading halt saying it was conducting discussions with a number of parties in relation to possible transactions which would generate shareholder value.
In response to media speculation as to who these parties are, CBH says on December 18 Nyrstar NV presented the company with a takeover proposal to acquire all CBH shares for either cash at 13.5 cents a share or Nyrstar shares.
CBH says however that in relation to speculation surrounding Perilya, it has not been approached by Perilya in relation to a takeover proposal.
CBH Resources posted a loss of $96.63 million for the 2009 financial year.
