ERAMET

MDL has commented on the third supplementary bidder’s statement by Eramet released on Wednesday, 30 May 2018. Like those before it, this latest statement highlights Eramet’s continuing selective disclosure to avoid paying fair value to MDL in an attempt to capture the future value of TiZir for its own shareholders.

ERAMET SA has announced an unsolicited, off-market takeover bid for all of the shares in MDL for consideration of A$1.46 cash for every share. For reasons that will be disclosed in its target's statement, Mineral...