Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Xanadu Mines Ltd ( (AU:XAM) ) has provided an announcement.
Bastion Mining Pte. Ltd. has initiated an off-market takeover bid for all the ordinary shares it does not already own in Xanadu Mines Limited. The bidder’s statement, which outlines the terms of the offer, has been dispatched to all registered shareholders of Xanadu as of May 26, 2025, through electronic or postal means. This move signifies Bastion’s strategic effort to consolidate its ownership in Xanadu, potentially impacting the company’s market positioning and stakeholder interests.
More about Xanadu Mines Ltd
Average Trading Volume: 6,193,708
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
Learn more about XAM stock on TipRanks’ Stock Analysis page.