It’s not often that two parties negotiate a deal over an extended 6 month period against an extraordinary backdrop of ~70% price swings and come away from the table with a rare win-win type scenario, however, it appears IGO & Western Areas (WSA) have pulled off just that. It’s a win for WSA to achieve a ~15% or $0.51/share bump in bid terms and a win for IGO in managing to pull off a bid price that still looks favourable given the evolving outlook for the nickel price. It seems very likely that this deal will now complete with WSA’s world-class Nickel assets morphing into IGO’s existing Nickel & Lithium business.
MM believes the bid for WSA will now be successful
Add To Hit List
