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Capricorn Metals Ltd ( (AU:CMM) ) just unveiled an update.
Capricorn Metals Ltd has announced an increase in the consideration for its proposed acquisition of Warriedar Resources Limited, revising the share exchange ratio to 1 Capricorn share for every 52.75 Warriedar shares. This adjustment implies a significant premium on Warriedar’s share price, enhancing the attractiveness of the deal for Warriedar shareholders. The Warriedar board has unanimously recommended the revised scheme, and Capricorn has waived certain conditions to facilitate the acquisition process. If implemented, Warriedar securityholders will own approximately 5.5% of the enlarged group.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Average Trading Volume: 1,708,808
Technical Sentiment Signal: Buy
Current Market Cap: A$5.82B
Find detailed analytics on CMM stock on TipRanks’ Stock Analysis page.