No Video/Audio Available.

CBH Resources Ltd (ASX:CBH) shares enter trading halt pending takeover offer March 12, 2010 11:29 AM

Shares in zinc, lead and silver miner CBH Resources Ltd (ASX:CBH) have entered a trading halt pending the announcement of the company receiving a takeover offer.

In a statement to the ASX this morning, the company revealed it had received a proposal from a party which may lead to a change of control transaction.

The company says it requested the trading halt to enable it to prepare a response to the proposal and give the market more information.

CBH expects to resume trading ahead of the opening of trade on Tuesday, March 16.

The company, which operates mines in NSW and Western Australia, has been subject to takeover speculation in the past.

But in January, it told the ASX that it had stopped talks with Nyrstar NV of Belgium in favour of a binding $67.5 million deal with its largest shareholder, Japan’s Toho Zinc.

Shares in the company last traded at 14 cents.

For the 12 months to June 30, 2009, CBH Resources posted a loss of $96.63 million.

Related Content
June 02, 2010 05:40 PM
The Australian share market has closed in the red today. Mirvac Group Ltd (ASX:MGR) reaffirms its forecast for operating earnings of 9.2 cents per sta ...
Latest Finance News
February 03, 2012 05:33 PM
03 Feb 2012 - ASX down before US jobs data. Speculation mounts more job cuts could be imminent after Westpac Banking Corporation (ASX:WBC) cuts 560 po ...
Real Estate
February 02, 2012 03:30 AM
02 Feb 2012 - RP Data reports capital city house prices fell by 3.5 per cent last year and the Australian Bureau of Statistics data shows prices fell ...
Broker Commentary
Subscribe To Newsletter
Comment in this story
Full Name:
 
Email:
 
 
 
Comment:
 
Type the characters you see in the picture below.
 
 
Letters are not case-sensitive
Captcha:


Latest Finance News

February 03, 2012 05:33 PM
03 Feb 2012 - ASX down before US jobs data. Speculation mounts more job cuts could be imminent after Westpac Banking Corporation (ASX:WBC) cuts 560 positions.

Interviews

January 31, 2012 04:00 PM
31 Jan 2012 – Fairview Equity Partners executive director and portfolio manager, Michael Glenane, reveals which sectors he has his eye on; the relationship between private equity and small caps; and the key influencers of his fund’s performance last year.

Company News

February 03, 2012 11:10 AM
03 Feb 2012 - Austar United Communications Limited (ASX:AUN) is seeking court approval to postpone a meeting of its shareholders relating to its proposed takeover of Foxtel, until the end of March.