Trident Royalties (GB:TRR) has released an update.
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.
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