{"id":6921,"date":"2012-01-11T08:33:21","date_gmt":"2012-01-11T06:33:21","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/african-iron-confident-exxaros-349-mln-offer-will-succeed\/"},"modified":"2012-01-11T08:33:21","modified_gmt":"2012-01-11T06:33:21","slug":"african-iron-confident-exxaros-349-mln-offer-will-succeed","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/african-iron-confident-exxaros-349-mln-offer-will-succeed\/","title":{"rendered":"African Iron confident Exxaro&#8217;s $349 mln offer will succeed"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocatio\/spann\">Jan 11 (Reuters) &#8211; African Iron is confident<br \/>\na takeover offer from South Africa&#8217;s Exxaro Resources<br \/>\nwill secure 75 percent acceptances, even without its<br \/>\nsecond-biggest shareholder, Equatorial Resources, its<br \/>\nchairman said on Wednesday.<span><\/span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;ve looked at our register,&#8230;, and we feel that there is<br \/>\na very, very good prospect of getting to 75 percent if<br \/>\nEquatorial don&#8217;t participate,&#8221; African Iron Chairman Ian Burston<br \/>\ntold analysts and reporters on a conference call.<\/p>\n<p><span><\/span><\/p>\n<p>Exxaro has offered A$0.51 a share cash if it gets<br \/>\nacceptances from 50 percent of African Iron&#8217;s shares and would<br \/>\nraise that to A$0.57 a share, worth A$338 million, if it wins 75<br \/>\npercent support.<\/p>\n<p><span><\/span><\/p>\n<p>Equatorial Resources owns 19.9 percent of African<br \/>\nIron.<\/p>\n<p><span><\/span><\/p>\n<p>($1 = 0.9681 Australian dollars)\t<\/p>\n<p> (Reporting by Sonali Paul; Editing by Narayanan Somasundaram)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jan 11 (Reuters) &#8211; African Iron is confident a takeover offer from South Africa&#8217;s Exxaro Resources will secure 75 percent acceptances, even without its second-biggest shareholder, Equatorial Resources, its chairman said on Wednesday. &#8220;We&#8217;ve looked at our register,&#8230;, and we feel that there is a very, very good prospect of getting to 75 percent if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6921"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}