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An announcement from New World Resources Limited ( (AU:NWC) ) is now available.
Kinterra Capital GP Corp. II, acting as the general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, has increased its takeover offer for New World Resources Limited (NWR) to A$0.067 per share, representing a significant premium over previous trading prices. The NWR Board has unanimously recommended acceptance of Kinterra’s offer, which is now the only remaining takeover bid following the withdrawal of CAML’s offer. This move consolidates Kinterra’s position as NWR’s largest shareholder, making a competing offer unlikely, and provides shareholders with immediate value and certainty through an all-cash offer.
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
Average Trading Volume: 27,995,861
Technical Sentiment Signal: Buy
Current Market Cap: A$236M
See more insights into NWC stock on TipRanks’ Stock Analysis page.