Deterra Royalties Ltd (AU:DRR) has released an update.
Deterra Royalties Limited has made a significant move to acquire UK-based Trident Royalties Plc for £144 million, offering a cash deal valued at 49p per Trident share, representing a premium over recent trading prices. This acquisition aims to expand Deterra’s portfolio with Trident’s diverse mining royalties, including exposure to various metals and minerals. The deal, subject to approvals, has already received backing from Trident’s Board and key shareholders, signaling a strong push for completion in the second half of 2024.
For further insights into AU:DRR stock, check out TipRanks’ Stock Analysis page.
