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Rey Resources Ltd ( (AU:REY) ) has provided an update.
Rey Resources Limited, listed on the ASX, has issued a Target’s Statement in response to an off-market takeover bid by Vigorous Resources Pty Ltd. The bid offers $0.028 per ordinary share in cash for all shares in Rey Resources. The Board of Directors of Rey Resources has unanimously recommended that shareholders accept the offer, in the absence of a superior proposal. This move could significantly impact Rey Resources’ market positioning and shareholder value.
More about Rey Resources Ltd
Average Trading Volume: 72,413
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.33M
For a thorough assessment of REY stock, go to TipRanks’ Stock Analysis page.