Sunday, August 26, 2012

Australia's Sundance agrees to lower $1.4 bln Hanlong offer

SYDNEY, Aug 27 (Reuters) - Australian miner Sundance Resources on Monday said it has accepted a lower takeover offer worth A$1.37 billion ($1.42 billion) from China's Hanlong Group, a move that could potentially conclude a deal that has dragged on for a year.

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