Zinifex, Oxiana merge into $12b company
March 3, 2008
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
Zinifex soars after Allegiance bid succeeds, profit jumps
Zinifex has recorded 74.3% rise in first-half profit and said demand for zinc is expected to remain healthy in 2008 stoked by strong Chinese buying. Separately, Allegiance agreed to Zinifex's sweetened $850 million-plus takeover bid.
Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
Zinifex H1 net profit up 74.3% to $1.3b
Zinifex has recorded 74.3 per cent rise in first half profit and says demand for zinc is expected to remain healthy in 2008.
Allegiance ticks Zinifex-Oxiana merger
Takeover target and nickel miner Allegiance Mining says its nickel asset will be in good hands if a planned takeover of Zinifex by Oxiana goes ahead.
Allegiance accepts revised Zinifex bid
Nickel miner Allegiance Mining has finally thrown its support behind Zinifex's all-cash takeover bid after the offer was sweetened on Monday.
Miners Oxiana, Zinifex Agree To $5.6B...
Combined entity would be Australia's third-largest resources company and the world's No. 2 zinc producer.
Miners Oxiana, Zinifex Agree To $5.6B...
Combined entity would be Australia's third-largest resources company and the world's No. 2 zinc producer.
Oxiana and Zinifex agree £2.8bn zinc mining merger
Australian miner Oxiana has launched an agreed A$6 billion ($£2.8 billion) takeover offer for local rival Zinifex in a bid to create the world's second-largest producer of zinc.
Australian miner Oxiana to buy Zinifex for US$5.8 billion in stock swap
Australian miner Oxiana Ltd. has agreed to buy sector rival Zinifex Ltd. in a share swap worth 6.2 billion Australian dollars (US$5.8 billion; €3.8 billion), the two companies said Monday, to create the world's second-largest producer of zinc.
Zinifex bid for Allegiance stumbles
The Takeovers Panel has made a declaration of unacceptable circumstances regarding Zinifex's $745 million hostile takeover bid for Allegiance Mining.
Zinifex shares jump 10% on Oxiana merger
Shares in zinc and lead miner Zinifex Ltd have commenced trading about 10 per cent stronger after it announced a merger with gold miner Oxiana Ltd.
Zinifex, Oxiana to merge as equals
Miners Zinifex Ltd and Oxiana Ltd are to join forces to become the third largest miner listed on the Australian stock exchange.
Oxiana, Zinifex announce merger
Oxiana said on Monday it would merge with Zinifex to create the world's second largest zinc producer.
Zinifex extends Allegiance offer period
Zinifex has extended the offer period of its revised $852.4 million takeover bid for nickel miner Allegiance Mining by almost two weeks.
Zinifex ups offer for Allegiance
Allegiance Mining has recommended an improved offer from Zinifex that values the nickel miner at $852.42 million.
Third Time's The Charm For Suitor Zinifex
Australian zinc mining firm gets approval from board of its takeover target, Allegiance Mining, which controls vast nickel reserves in Tasmania, for its sweetened bid.
Zinifex wins control of Allegiance
Zinifex has prevailed with its $790 million, three-month takeover battle for Allegiance Mining, announcing that it has gained control of the nickel miner.
Zinifex extends Allegiance Mining bid
Zinifex has extended its $745 million takeover bid for nickel miner Allegiance Mining by a fortnight.
Zinifex gains control of Allegiance
Zinifex has prevailed with its $790 million, three-month takeover battle for nickel miner Allegiance Mining NL.
Zinifex whets the appetite of a...
TALK at Zinifex and Oxiana immediately turned to diversification after shareholders yesterday approved their $4.2 billion merger.
06/16/08
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Zinifex looks good in Canada again
Could be time for Teck to take another peek.
05/14/08
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Zinifex and Oxiana see opportunities
Zinifex says its planned merger with fellow miner Oxiana will create an entity better placed to seek acquisition opportunities.
Allegiance agrees to new Zinifex bid
Allegiance Mining's board has recommended a sweetened $1.10-a-share bid from Zinifex.
ASX over 2% lower at noon
The Australian stock market fell over three per cent following large falls on Wall Street last week and dragged down by local banks.