Ramelius Resources Limited (AU:RMS) has released an update.
The Takeovers Panel has accepted amendments from Westgold Resources Limited and Karora Resources Inc., addressing concerns over the non-solicitation provisions in their arrangement agreement. The Panel has also found no issues with the arrangement’s termination fee or the disclosed synergy estimates, resulting in no declaration of unacceptable circumstances. This decision clears a significant hurdle for Westgold’s proposed acquisition of Karora.
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