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An announcement from Kin Mining NL ( (AU:PTN) ) is now available.
Matsa Resources Limited, a company involved in the resources sector, has received an unsolicited takeover bid from Patronus Resources Limited for all its ordinary shares not owned by Patronus. The company’s directors are currently evaluating the offer and will provide a recommendation to shareholders in the near future. In the meantime, shareholders are advised to take no action until the target statement is released, as Matsa has appointed Thomson Geer as a legal adviser to assist in this matter.
More about Kin Mining NL
YTD Price Performance: 20.41%
Average Trading Volume: 1,062,561
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$96.61M
For a thorough assessment of PTN stock, go to TipRanks’ Stock Analysis page.
