In today’s briefing:
- Wentworth Resources Plc (AIM: WEN): Proposed Acquisition by Maurel & Prom
Wentworth Resources Plc (AIM: WEN): Proposed Acquisition by Maurel & Prom
- Maurel & Prom has made an offer to acquire Wentworth for 32.5 p per share in cash, valuing Wentworth at £61.7 mm.
- Deducting the cash value from the offer price suggests an offer price of 19.6 p per share for Wentworth’s non cash assets.
- This compares to a read through value of Wentworth’s non cash assets based on the share price of Wentworth on 2 December of p per share (25 p less12.9 p).
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