Ausgold gains as OceanaGold takeover bid wins FIRB approval
OGC•Ausgold said Australia's Foreign Investment Review Board approved OceanaGold's proposed takeover, satisfying a condition for the scheme. The deal still requires Ausgold shareholder and court approvals.
1. FIRB condition satisfied
Ausgold shares rose as much as 5.1% to A$1.235 after the company said the Australian government had no objection to the proposed scheme of arrangement under which OceanaGold will acquire it. The deal remains subject to Ausgold shareholder and court approvals.
