Shareholders remain unconvinced of Intrepid/AIC merger

The share price of ASX-listed Intrepid Mines fell by more than 6% on Wednesday after the company resurrected a merger agreement with fellow-listed AIC Resources. Intrepid’s initial off-market takeover bid for AIC fell flat earlier this year, after the company’s offer of one Intrepid share for every 3 AIC Resources shares failed to gain the necessary traction with shareholders.