Takeover talk diffused

摘要

A TAKEOVER OFFER will not be automatically triggered after London-based Lonrho Plc recently lifted its shareholding in Nare Diamonds Ltd beyond the 20 percent threshold. Nare's key shareholder - which is working to re-establish a significant presence in Africa - has exercised its entitlement under the Corporations Act to "creep" up from a 19.05 percent stake, Nare executive director Will Burbury told Gold & Minerals Gazette.