Australian Billionaire Andrew Forrest’s Wyloo Metals Beats BHP In Bidding War For Canada’s Noront

Australian Billionaire Andrew Forrest’s Wyloo Metals Beats BHP In Bidding War For Canada’s Noront

Noront Resources has agreed to accept the “superior” offer by Wyloo Metals—controlled by billionaire Andrew Forrest—in a deal that values the Canadian nickel miner at C$321 million ($260 million), trumping the offer from rival BHP Group.