Kin Mining NL ( (AU:PTN) ) has provided an announcement.
Matsa Resources Limited, a mining company, has released a target’s statement in response to an unsolicited takeover offer from Patronus Resources Limited. The board of Matsa unanimously recommends shareholders to reject the offer of A$0.045 per share, and the target’s statement provides detailed reasons and relevant information for shareholders to assess the offer. This announcement is crucial for Matsa’s strategy as it aims to maintain control and influence over its operations, which could significantly impact its market positioning and shareholder interests.
More about Kin Mining NL
YTD Price Performance: 24.00%
Average Trading Volume: 1,264,545
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$101.5M
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