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New World Resources Limited ( (AU:NWC) ) has provided an update.
New World Resources Limited, listed on the ASX under the ticker NWC, is the subject of a takeover offer by Kinterra Capital GP Corp. II, acting as the general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP. The takeover bid has led to a compulsory acquisition notice being issued to shareholders who have not accepted the offer, signaling Kinterra’s intent to acquire all outstanding ordinary shares of New World Resources Limited. This move is part of Kinterra’s strategic efforts to consolidate its holdings in the company, potentially impacting the market dynamics and shareholder interests.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.07 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: 272.22%
Average Trading Volume: 33,960,711
Technical Sentiment Signal: Buy
Current Market Cap: A$243.4M
See more insights into NWC stock on TipRanks’ Stock Analysis page.