Maximus Resources Limited ( (AU:MXR) ) has provided an announcement.
Maximus Resources Limited has experienced a change in its substantial holder, with Astral Resources NL increasing its voting power from 78.50% to 81.52%. This change is a result of Astral’s off-market takeover bid for all fully paid ordinary shares in Maximus that it did not already own, offering one Astral share for every two Maximus shares. This move strengthens Astral’s position in Maximus, potentially impacting the company’s strategic direction and stakeholder interests.
More about Maximus Resources Limited
YTD Price Performance: 3.33%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.38M
For detailed information about MXR stock, go to TipRanks’ Stock Analysis page.