In today’s briefing:
- MinRes’ “Unconditional” Offer For Norwest
MinRes’ “Unconditional” Offer For Norwest
- Iron ore and lithium play Mineral Resources (MIN AU) is offering one new share for every 1,367 Norwest Energy (NWE AU), an onshore O&G play, in an off-market takeover.
- The implied value of A$0.06/share under the Offer represents a 27% premium to NWE’s one-month VWAP.
- MinRes currently owns 19.9% in Norwest. There is no minimum acceptance condition. This is done and will trade tight.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
