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New World Resources Limited ( (AU:NWC) ) has shared an update.
New World Resources Limited has entered into a revised off-market takeover agreement with Central Asia Metals Plc (CAML), replacing the previously proposed Scheme of Arrangement. Under this new agreement, CAML will offer New World shareholders cash consideration of A$0.062 per share, providing a straightforward cash exit. The New World Board recommends shareholders accept this offer, which is not subject to minimum acceptance conditions, in the absence of a superior proposal. The offer aims to provide certainty and aligns with the structure and conditions of a competing offer from Kinterra. The Board’s recommendation is contingent on no superior offers emerging, and shareholders are advised to wait for the detailed Target’s Statement before taking action.
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
New World Resources Limited is a company operating in the mining industry, focusing on copper, gold, and zinc projects primarily located in Arizona and New Mexico, USA.
YTD Price Performance: 255.56%
Average Trading Volume: 26,318,714
Technical Sentiment Signal: Buy
Current Market Cap: A$228.7M
See more data about NWC stock on TipRanks’ Stock Analysis page.