uM NO.
"The net cost of the acquisition, to be paid in at least two tranches, will be no more than US$87.5 million. The first tranche of US$62.5 million will be satisfied through the issue of 14,080,604 shares in both WMC Resources and Alumina Limited. These shares constitute 1.265% of the capital in each company. The number of shares was calculated using a figure of US$62.5 million and the volume weighted average price of WMC shares for a period of 30 calendar days prior to and including 22 November 2002. The final tranche of up to US$25 million will be paid in either shares or cash by WMC Resources. The transaction is expected to be completed in the last quarter of 2003. "
Add to My Watchlist
What is My Watchlist?
