MGV musgrave minerals limited
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News: MGV Ramelius Makes Recommended Takeover Offer For Musgrave

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    03/07/23
    11:45
    Post #: 68586274

    July 3 (Reuters) - Musgrave Minerals Ltd (MGV) :

    • RAMELIUS MAKES RECOMMENDED TAKEOVER OFFER FOR MUSGRAVE
    • MUSGRAVE SHAREHOLDERS TO RECEIVE AN IMPLIED OFFER PRICE OF A$0.342 PER SHARE
    • ACQUISITION VIA A UNANIMOUSLY RECOMMENDED CASH AND SCRIP OFF-MARKET TAKEOVER OFFER
    • OFFER PRICE IMPLIES A TOTAL UNDILUTED EQUITY VALUE FOR MUSGRAVE OF A$201 MILLION
    • MUSGRAVE’S DIRECTORS UNANIMOUSLY RECOMMEND MUSGRAVE SHAREHOLDERS ACCEPT THE OFFER
    • MUSGRAVE SHAREHOLDERS TO RECEIVE ADDITIONAL A$0.04 IN CASH PER MUSGRAVE SHARE HELD
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