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Kinterra Capital’s Unconditional Takeover Bid for New World Resources

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Kinterra Capital’s Unconditional Takeover Bid for New World Resources

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New World Resources Limited ( (AU:NWC) ) has issued an announcement.

Kinterra Capital GP Corp. II has launched an off-market takeover bid for all remaining shares of New World Resources Limited, a company listed on the ASX under the code NWC. The takeover offer is now unconditional, with Kinterra holding a 68.43% voting power in the company, indicating a significant shift in control and potential strategic changes for New World Resources Limited.

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: 277.78%

Average Trading Volume: 29,807,439

Technical Sentiment Signal: Buy

Current Market Cap: A$247.1M

Learn more about NWC stock on TipRanks’ Stock Analysis page.

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