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Kinterra Capital Increases Takeover Offer for New World Resources

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Kinterra Capital Increases Takeover Offer for New World Resources

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The latest announcement is out from New World Resources Limited ( (AU:NWC) ).

Kinterra Capital GP Corp. II, acting as the general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, has announced an increased takeover offer for New World Resources Limited (NWR), raising the offer price to A$0.062 per share. This offer represents a significant premium over previous trading prices and is considered superior to a competing proposal by Central Asia Metals Plc (CAML) due to fewer conditions and a quicker timeline. Kinterra, holding a 19.30% stake in NWR, intends to vote against the CAML Scheme, potentially influencing the outcome of the acquisition process.

The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.

More about New World Resources Limited

YTD Price Performance: 261.11%

Average Trading Volume: 24,983,970

Technical Sentiment Signal: Buy

Current Market Cap: A$232.3M

See more data about NWC stock on TipRanks’ Stock Analysis page.

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