Astral Resources NL (AU:AAR) has released an update.
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Astral Resources NL has acquired a 19.99% stake in Maximus Resources and is proposing a full acquisition of the company through an all-scrip, off-market takeover. The offer, priced at 7.0 cents per share, represents a significant premium over Maximus’s recent share prices. This potential merger could enhance share liquidity and resource inventory for Maximus shareholders, although it remains subject to due diligence and negotiation.
For further insights into AU:AAR stock, check out TipRanks’ Stock Analysis page.