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Perseus Mining ( (AU:PRU) ) has shared an announcement.
Perseus Mining Limited announced that its proposal to acquire Predictive Discovery Limited is no longer considered superior following a revised merger agreement between Predictive and Robex Resources Inc. This new agreement increases Predictive shareholders’ ownership in the combined entity from 51% to 53.5%. Despite this, Perseus believes its original proposal was more beneficial, as indicated by Predictive’s current trading discount. Perseus does not plan to submit a revised offer but reserves the right to do so if circumstances change.
The most recent analyst rating on (AU:PRU) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.
More about Perseus Mining
Perseus Mining Limited operates in the mining industry, focusing primarily on gold production. The company is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) under the ticker PRU, and it is involved in the exploration, development, and operation of gold mines in West Africa.
YTD Price Performance: 116.04%
Average Trading Volume: 5,610,635
Technical Sentiment Signal: Buy
Current Market Cap: A$7.35B
For an in-depth examination of PRU stock, go to TipRanks’ Overview page.