Trident Royalties (GB:TRR) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Trident Royalties Plc, a diversified mining royalty company, has agreed to an all-cash acquisition by Deterra Global Holdings Pty Ltd, offering shareholders a 42% premium at 49 pence per share, valuing Trident at approximately £144 million. The deal, approved by shareholders and backed by court-sanctioned scheme arrangements, marks a significant return of 145% since Trident’s IPO in 2020. Furthermore, Trident reported a Q2 2024 net income of US$2.65 million despite a net debt position of US$22.8 million.
For further insights into GB:TRR stock, check out TipRanks’ Stock Analysis page.
