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Astral Resources Proposes Takeover of Maximus Resources
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Astral Resources Proposes Takeover of Maximus Resources

Story Highlights
  • Astral Resources has initiated an off-market takeover bid for Maximus Resources.
  • Maximus Board recommends shareholders accept Astral’s offer unless a better proposal emerges.
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Astral Resources NL ( (AU:AAR) ) has issued an update.

Astral Resources NL has made an off-market takeover bid to acquire the remaining shares of Maximus Resources Limited that it does not already own. The Maximus Board has unanimously recommended shareholders accept the offer in the absence of a superior proposal, with the offer set to close on March 7, 2025.

More about Astral Resources NL

YTD Price Performance: -3.57%

Average Trading Volume: 1,382,930

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$167.8M

Learn more about AAR stock on TipRanks’ Stock Analysis page.

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