Denham terminates $42m takeover of Australian miner
Denham Capital has withdrawn from a commitment to fully acquire Cradle Resources that had valued the Australia-listed mining company at A$55 million ($42 million).
In March, the private equity firm, operating under its Tremont platform, had proposed to purchase 100% of the company’s shares at A$0.33 apiece. The stock jumped about 50% after the offer and has since...
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