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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 initiated an off-market takeover bid for all remaining ordinary shares of New World Resources Limited (ASX:NWC) that it does not already own. The Bidder’s Statement and First Supplementary Bidder’s Statement have been dispatched to relevant shareholders, outlining the terms of the offer. This move could significantly impact New World Resources Limited’s shareholder structure and market positioning.
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
Average Trading Volume: 27,029,367
Technical Sentiment Signal: Buy
Current Market Cap: A$232.3M
For detailed information about NWC stock, go to TipRanks’ Stock Analysis page.