Pala to acquire Cobalt 27 for $375m, create new company Nickel 28

Today Swiss firm Pala Investments announced that it intends to buy Cobalt 27 Capital Corp. (TSXV: KBLT) for C$501 million ($375 million). Pala's offer - equivalent to C$5.75 per share - represents a 66% premium to Cobalt 27’s closing share...