PERTH: Patronus Resources Limited (ASX: PTN) announced on Monday an on-market takeover offer for all outstanding shares of Matsa Resources Limited (ASX: MAT), a move that could significantly reshape the gold exploration and development landscape in Western Australia. The offer, priced at A$0.045 per share, values Matsa at approximately A$33 million based on its current…
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MISSION Group rejects Brave Bison’s takeover bid
LONDON, UK: MISSION Group plc has firmly rejected an unsolicited takeover proposal from Brave Bison Group plc, citing the offer as opportunistic and significantly undervaluing the company. The offer, made on April 29, 2024, suggested an all-share exchange ratio of 11.5 Brave Bison shares for each MISSION share, valuing each MISSION share at approximately 29…
Perseus Mining ups takeover bid offer for OreCorp to A$0.575 per share
SYDNEY, AUSTRALIA: OreCorp Limited has announced receiving a revised takeover offer from Perseus Mining Limited. The new proposal suggests an increased bid of A$0.575 per share. The offer is contingent upon the OreCorp Board’s recommendation post fulfillment of specific conditions outlined in the Target’s Statement. Major shareholders have signaled their approval of the amended offer.…
Renalytix explores sale options after receiving takeover bid from rival
Renalytix plc, a company that uses artificial intelligence to diagnose and treat kidney disease, has announced that it is considering selling itself or its assets after receiving an unsolicited takeover offer from a larger competitor. The company, which is listed on both the London Stock Exchange and the Nasdaq, said that it has launched a…