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Condor Resources

  • BY: Andrew Hore |
  • POSTED: 15/06/2009 |

Plus-quoted shell Worldwide Natural Resources has dropped its plans to make an all-share offer for Condor Resources.

Shares in Condor rose 0.05p to 0.73p a share, which values Condor at 2.39m.

Condor shareholders voted in favour of the share swap with Grafton Resource Investments at the general meeting on 12 June 2009. This means that Grafton owns 29.8% of Condor.

The Takeover Panel allowed WNS to withdraw the bid after the general meeting. This was announced after the close on 12 June.

Condor will pursue its own corporate transaction.

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