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Cradle approves Tremont bid

Takeover offer on niobium play in Tanzania receives green light from target

Chris Cann
Cradle Resources share of Panda Hill in Tanzania looks like heading to its joint venture partner, Tremont

Cradle Resources share of Panda Hill in Tanzania looks like heading to its joint venture partner, Tremont

Tremont’s cash offer of A$0.33 per share is a 43.5% premium to Cradle’s last closing price and a 37.3% premium to the 20-day volume-weighted average price. Tremont plans to fund the cash component of...

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