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Announced

Independence Group to acquire Panoramic Resources for $216m.

Synopsis

Independence Group, an Australian nickel miner, made a hostile bid to acquire Panoramic Resources, its smaller peer, for $216m. The offer represents a 42% premium. Independence Group has a major focus on metals used in the fast-growing field of renewable energy like nickel and copper, and said its offer for Panoramic was consistent with that strategic focus.

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