KDR kidman resources limited
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News: KDR Australia's Kidman Resources receives takeover proposal from Wesfarmers

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    02/05/19
    08:40
    Post #: 38366077

    May 2 (Reuters) - Australian miner Kidman Resources Ltd (KDR) said on Thursday it received a takeover proposal from Wesfarmers Ltd (WES) that values the company at about A$776 million ($544 million).

    The offer of A$1.90 per share represents a premium of 47.3 percent to Kidman's last closing price.

    ($1 = 1.4251 Australian dollars)

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