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Ramelius Resources Limited ( (AU:RMS) ) just unveiled an update.
Spartan Resources Limited has announced that the Supreme Court of Western Australia has approved the convening of a scheme meeting and the release of a transaction booklet related to the proposed acquisition by Ramelius Resources Limited. The acquisition involves a scheme of arrangement or a conditional off-market takeover offer, providing Spartan shareholders with cash and new Ramelius shares. The Spartan Board recommends shareholders support the transaction, which has been deemed fair and reasonable by an independent expert, in the absence of a superior proposal.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Average Trading Volume: 9,868,930
Technical Sentiment Signal: Buy
Current Market Cap: A$3.42B
For a thorough assessment of RMS stock, go to TipRanks’ Stock Analysis page.