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Predictive Discovery Limited ( (AU:PDI) ) has issued an update.
Predictive Discovery Limited has received a revised merger proposal from Robex Resources Inc., which has been deemed by Predictive’s board to match Perseus Mining Limited’s previous offer. As a result, Perseus’s proposal has been terminated. The revised merger increases Predictive shareholders’ ownership in the combined entity from 51.0% to 53.5%. Despite this, Perseus, the largest shareholder in Predictive, believes the revised merger remains inferior to its original proposal and does not plan to submit a new offer unless circumstances change.
The most recent analyst rating on (AU:PDI) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.
More about Predictive Discovery Limited
Average Trading Volume: 16,428,898
Technical Sentiment Signal: Buy
Current Market Cap: A$1.9B
For a thorough assessment of PDI stock, go to TipRanks’ Stock Analysis page.