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Ramelius Resources Limited ( (AU:RMS) ) has provided an update.
Spartan Resources Limited has announced that the Supreme Court of Western Australia has approved the scheme of arrangement for its acquisition by Ramelius Resources Limited. This transaction involves Spartan shareholders receiving $0.25 in cash and 0.6957 new Ramelius shares per Spartan share. The scheme is set to become effective on July 22, 2025, with the implementation expected on July 31, 2025. The approval marks a significant step in the acquisition process, potentially impacting Spartan’s market presence and offering shareholders a combination of cash and shares in Ramelius.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
YTD Price Performance: 22.98%
Average Trading Volume: 9,569,163
Technical Sentiment Signal: Buy
Current Market Cap: A$2.91B
See more insights into RMS stock on TipRanks’ Stock Analysis page.