Helix Resources Limited (AU:HLX) has released an update.
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Acta Investment Group Pty Ltd has announced its intention to make an all-cash proportional off-market takeover offer to acquire 25% of Helix Resources Limited’s ordinary shares not currently owned by Acta or its associates. The offer includes a 39% premium on Helix’s 30-day VWAP, allowing shareholders to cash in while retaining a majority stake in the company. Acta aims to revitalize Helix by proposing strategic changes to its board and management to enhance shareholder value.
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