Kenmare Resources ( (GB:KMR) ) just unveiled an announcement.
Kenmare Resources has received a non-binding proposal from Oryx Global Partners Limited and Michael Carvill for a potential all-cash acquisition of the company at 530 pence per share. The board has rejected the offer, considering it undervalues the company’s business and prospects, but has allowed the consortium limited due diligence to potentially improve their offer. The outcome remains uncertain, with a deadline set for the consortium to make a firm offer or withdraw.
More about Kenmare Resources
Kenmare Resources plc operates in the mining industry, focusing on the extraction and production of mineral sands. The company is known for its production of titanium minerals and zircon, which are essential components in various industrial applications.
YTD Price Performance: -13.52%
Average Trading Volume: 96,730
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £247.6M
For a thorough assessment of KMR stock, go to TipRanks’ Stock Analysis page.