Trident Royalties (GB:TRR) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Deterra Global Holdings Pty Ltd has made a recommended all-cash offer to acquire Trident Royalties Plc for approximately £144 million, representing a significant premium over recent trading prices. The acquisition fits Deterra’s growth strategy by adding a diversified portfolio of royalties, including assets in battery and precious metals, and is backed by major strategic investors. The deal offers Trident shareholders a liquidity event at a premium of 145% over the IPO price, with unanimous support from Trident’s Directors.
For further insights into GB:TRR stock, check out TipRanks’ Stock Analysis page.
