Crosby makes bid for Tethyan

Hong Kong''s Crosby Capital Partners tables a A$101 million bid for a Pakistan copper and gold project, listed in Australia.

Nick Lord

May 24, 2005

Crosby Capital Partners yesterday announced that it was teaming up with an unnamed group of investors to make an off-market bid for all the shares and options of Tethyan Copper Company. The bid is priced at A$0.64 a share, a 32% premium to Monday's closing price, giving it a full valuation of A$101 million ($76 million).

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