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The latest announcement is out from Ramelius Resources Limited ( (AU:RMS) ).
Spartan Resources Limited, a company listed on the ASX under the ticker SPR, has announced the approval of a scheme of arrangement for its acquisition by Ramelius Resources Limited. The acquisition involves a cash and share offer, where Spartan shareholders will receive $0.25 cash and 0.6957 new Ramelius shares per Spartan share. The scheme was approved by a significant majority of Spartan shareholders, with 90.3% voting in favor. The next steps include seeking approval from the Supreme Court of Western Australia, after which the scheme is expected to become effective, leading to the suspension of Spartan shares from trading on the ASX.
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
YTD Price Performance: 15.63%
Average Trading Volume: 9,594,314
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
For a thorough assessment of RMS stock, go to TipRanks’ Stock Analysis page.