- Wyloo Consolidated Investments, a subsidiary of Wyloo Metals, a private company controlled by Andrew Forrest, the Australian billionaire who founded and chairs Fortescue Metals Group, today announced an on-market takeover offer for all of the shares in Mincor Resources that are not owned by Wyloo.
Wyloo also noted it believes that the offer represents"attractive value" to Mincor shareholders,"…particularly given the current risks and uncertainties associated with remaining a Mincor shareholder in the face of prevailing economic and equity market risks."