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The latest announcement is out from Fenix Resources Limited ( (AU:FEX) ).
CZR Resources Ltd has received a non-binding, indicative, and conditional takeover proposal from Gold Valley Iron Ore Pty Ltd, which seeks to acquire all CZR shares for cash consideration via an on-market takeover bid. However, the proposal is subject to conditions such as financing and the termination of an existing agreement with Fenix Resources Ltd. The CZR Board has determined that the Gold Valley proposal does not constitute a superior offer compared to the binding offer from Fenix, which the board continues to recommend to shareholders.
More about Fenix Resources Limited
YTD Price Performance: -1.33%
Average Trading Volume: 3,844
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €118.5M
See more data about FEX stock on TipRanks’ Stock Analysis page.