Eramet SA (ERMT.PA)
MELBOURNE Mineral sands producer Mineral Deposits on Thursday advised its shareholders to reject an increased A$345 million ($261 million) takeover bid from French miner Eramet SA, saying it still undervalued the company.
* Mineral Deposits shares close at offer price of A$1.75 (Adds Eramet, major shareholder comments)
France's ERAMET on Wednesday increased its all-cash offer for Australia's Mineral Deposits Ltd to A$1.75 a share, valuing the company at A$344.7 million ($261 million).
April 27 France's ERAMET said on Friday it will make an all-cash takeover bid for Australia's Mineral Deposits Ltd at A$1.46 a share, valuing the company at about A$288 million ($218 million).
LONDON, March 7 As carmakers ramp up spending on self-driving and electric vehicles (EVs), many investors are betting their component suppliers will be the first winners from the technology shifts.
* Eramet Chief Executive Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles.