BRIEF-Almonty Industries to buy ATC Alloys

Mon May 30, 2016 8:15pm EDT
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May 30 (Reuters) - Almonty Industries Inc :

* Says Almonty Industries to acquire ATC via a recommended off-market takeover bid

* ATC shareholders will receive one Almonty share for every 10.38 ATC Alloys shares

* Says based on an Almonty share price of C$0.40 per share, offer values ATC at approximately A$0.04 per share

Source text for Eikon:

Further company coverage: (Bengaluru Newsroom)