tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Siren Gold Declines Acquisition Proposal from Federation

Siren Gold Declines Acquisition Proposal from Federation

Siren Gold Ltd (AU:SNG) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Siren Gold Limited (ASX: SNG) recently resolved not to proceed with a non-binding indicative proposal from Federation for an all-scrip acquisition, which would have resulted in SNG owning 17.5% and Federation 82.5% of the combined entity. The board concluded that the proposal was not in the best interest of shareholders after a detailed discussion and analysis. This decision comes amid the company’s prompt handling of the disclosure obligations following a media article that made the proposal public.

For further insights into AU:SNG stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1