A2MP Doubts Canyon Takeover Will Succeed as Focus Shifts to Cameroon’s Minim-Martap
A2MP Investments has significantly lowered expectations for its takeover bid for Canyon Resources, acknowledging that the proposal is unlikely to secure enough shareholder support while keeping its cash offer unchanged at AUD0.05 per share. The investor said in its latest supplementary bidder’s statement that the offer is now considered to have little prospect of succeeding.