zhongjin

Bidding war wages for Herald Resources

The Antam-Zhongjin consortium trumps Bumi's bid with an offer of up to $500 million for the Australian mining company and secures the backing of Herald's board.

June 03, 2008

Bumi ups the ante for Australia's Herald Resources

The Indonesian mining company offers $495 million for Herald, 2% more than the competing offer on the table, in a bid partly financed by debt from a consortium led by Credit Suisse.

May 26, 2008

Herald Resources attracts competing bid

An Indonesian-Chinese partnership offers $448 million for Australia's Herald Resources, trumping BumiÆs offer by 11%.

January 30, 2008