ARMZ, Mantra Resources agree to lower acquisition cost

摘要

Russian uranium miner Atomredmetzoloto (ARMZ) and Australia's Mantra Resources have agreed to revise the cost of the deal for the Russian holding to buy Mantra down, ARMZ said in a statement. According to the understandings reached, Mantra's shareholders will receive A$7.02 per share, including A$6.87 cash from ARMZ and A$0.15 from Mantra by way of dividends. The previous configuration would have involved ARMZ paying A$8 cash and would have cost the Russian company $1.2 billion in total. It will now cost $1,053 billion, of which ARMZ will pay $1.03 billion.