In today’s briefing:
- Norwest Energy Rejects MinRes’ Offer
Norwest Energy Rejects MinRes’ Offer
- In its Target Statement released this afternoon, Norwest Energy NL (NWE AU) has rejected Mineral Resources (MIN AU)‘s off-market scrip Offer.
- Norwest concluded the Offer was opportunistic and did not boast an appropriate premium for control.
- MinRes’ Offer closes on the 6 February – unless extended.
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