AUSTAR Gold has withdrawn its takeover bid for Centennial Mining and Maldon Resources and abandoned the Deed of Company Arrangement it signed in September, telling the Australian Securities Exchange the deal was too risky.
Austar's takeover bid for Centennial and Maldon withdrawn
Austar signed a DOCA with the administrators in charge of Centennial and Maldon to acquire the failed companies for $2.4 million, with a placement, entitlement and subscription offer announced to the ASX...
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