TRADING in Felix Resources shares is expected to be suspended today as the Federal Court of Austr...
Felix expects the order from the court will be lodged with the Australian Securities and Investments Commission today, triggering a trading halt.
The scheme of arrangement for the takeover, approved by Australian and Chinese shareholders and regulators, is expected to be implemented on December 23.
Felix shareholders are set to receive their $16.95 per share on this date.
Yanzhou launched its $3 billion-plus takeover offer in August.
Felix shares are up 2c to $16.91 this morning.
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