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MDL accepts offer for World Titanium shares

ASX-listed Mineral Deposits (MDL) on Friday announced that it would accept an offer from African Minerals Exploration & Development (Amed) for its 20.02% shareholding in fellow-listed World Titanium Resources.

Amed in January this year launched a takeover for World Titanium, offering shareholders 5c a share in cash for their shareholding in the mineral sands developer.