The latest update is out from CZR Resources Ltd ( (AU:CZR) ).
CZR Resources Ltd has received a non-binding, indicative, and conditional takeover proposal from Gold Valley Iron Ore Pty Ltd, offering $0.31 per share. However, the CZR Board has determined that the proposal does not constitute a superior offer compared to the existing binding offer from Fenix Resources Ltd, which includes an increased offer consideration of 0.98 Fenix shares for each CZR share. The board continues to recommend shareholders accept Fenix’s offer, emphasizing the certainty and binding nature of the Fenix bid.
More about CZR Resources Ltd
CZR Resources Ltd operates in the mining industry, focusing primarily on the exploration and development of iron ore resources. The company is based in Western Australia and is listed on the Australian Securities Exchange (ASX).
YTD Price Performance: 21.43%
Average Trading Volume: 363,512
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$60.37M
Find detailed analytics on CZR stock on TipRanks’ Stock Analysis page.