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Why Zijin’s Backing Could Seal Bastion’s Xanadu Takeover
9:44am on Tuesday 17th of June, 2025 AEST
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Mining
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Why Zijin’s Backing Could Seal Bastion’s Xanadu Takeover
9:44am on Tuesday 17th of June, 2025 AEST
Key Points
Zijin Mining accepts Bastion’s off-market takeover offer
Bastion’s relevant interest in Xanadu rises to 29.67%
Takeover Committee doubts a superior third-party offer will emerge
Committee reiterates recommendation to accept Bastion’s offer
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