Release of Targets Statement
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Stanmore Resources Ltd has released a Target’s Statement regarding an unsolicited takeover offer from Golden Investments (Australia) Pte. Ltd. The Independent Expert, BDO Corporate Finance, has concluded that the offer is not fair and not reasonable for Stanmore shareholders. The Stanmore Directors unanimously recommend that shareholders reject the offer, citing its inadequacy and the potential for future growth. The statement emphasizes that accepting the offer would deprive shareholders of future opportunities.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Earlier from Stanmore Resources
- Targets Statement
- Board of Stanmore Coal rejects Takeover Offer
- Unsolicited off market takeover bid - take no action update
- Wilsons Rapid Insight Conference Presentation - 20 Nov 2018
- Unsolicited off-market takeover bid - take no action
Later from Stanmore Resources
- Supplementary Targets Statement
- Notice of Variation - Extension of Offer
- Third Supp Bidders Statement and unconditional final offer
- Fourth Supplementary Bidders Statement
- Declares Interim Dividend, Initiates On-market Share Buyback
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