Armour confirmed on Friday it had received an indicative and non-binding offer from Landbridge's Australian subsidiary WestSide which could see the Chinese player improve its offer for the Australia-listed company to A$0.20 per share.
It would represent a significant improvement on the A$0.12 per share offer Landbridge made in Augustwhich was subsequently shot down by Armour's board as “opportunistic” and “inadequate”.
An independent report earlier this week by BDO Corporate Finance also claimed the A$0.12
