An announcement from Matsa Resources Limited ( (AU:MAT) ) is now available.
Patronus Resources Limited, a company listed on the ASX, has announced an extension of its on-market takeover bid for Matsa Resources Limited. The offer, initially set to close on 24 March 2025, will now remain open until 21 April 2025. This extension is part of Patronus’s strategy to acquire all ordinary shares in Matsa that it does not already own, as it currently holds less than 50% of Matsa’s shares. The extension aims to provide more time for shareholders to consider the offer, potentially impacting Matsa’s market positioning and shareholder value.
More about Matsa Resources Limited
YTD Price Performance: 30.0%
Average Trading Volume: 52,655
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.1M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.