In another news:
Norilsk gains control of LionOre
Norilsk Nickel, the Russian metals producer, said on Friday it had won control of Canadian nickel miner LionOre and had acquired 90 per cent of its shares.
Norilsk's all-cash offer of C$6.8bn ($6.4bn) for LionOre trumped UK-listed Xstrata's earlier offer of C$6.2bn and represents the Russian group's largest investment to date outside its home market. LionOre owns nickel mines in South Africa, Botswana and Australia.
Denis Morosov, general director of Norilsk Nickel, said: "We are pleased by this strong response from LionOre shareholders to our offer and will now proceed to complete this transaction and bring LionOre into the Norilsk Nickel Group."
He said the addition of LionOre would generate synergies, bring growth in nickel production and further diversify Norilsk's international presence.
The group extended the deadline of its bid for LionOre from Friday to July 10 to enable shareholders that have not yet tendered their shares to accept the offer.
So, you are still able to accept their offer until July 10, I think that you have to call your broker and give your instruction to them.
More practically, you can also sell your shares on the market as the price should now be lock at 27.50 or around.
