The latest update is out from Maximus Resources Limited ( (AU:MXR) ).
Maximus Resources Limited has experienced a change in the interests of its substantial holder, Astral Resources NL, which now holds a 78.50% voting power in the company. This increase in voting power is due to Astral’s off-market takeover bid, where they acquired a relevant interest by offering one fully paid ordinary share in Astral for every two shares in Maximus, resulting in an acquisition of 7,814,684 shares. The takeover bid reflects Astral’s strategic move to consolidate its position in Maximus Resources, potentially impacting the company’s operational dynamics and stakeholder interests.
More about Maximus Resources Limited
YTD Price Performance: 7.14%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.12M
Learn more about MXR stock on TipRanks’ Stock Analysis page.