ORR orecorp limited
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Dec 27 (Reuters) - Orecorp Ltd (ORR) : RECOMMENDED TAKEOVER...

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    27/12/23
    11:40
    Post #: 71625886

    Dec 27 (Reuters) - Orecorp Ltd (ORR) :

    • RECOMMENDED TAKEOVER OFFER FOR ORECORP BY SILVERCORP
    • SILVERCORP OFFERS TO ACQUIRE ALL ORECORP SHARES NOT ALREADY OWNED BY SILVERCORP
    • CASH AND SCRIP OFFER FROM SILVERCORP WITH AN IMPLIED VALUE OF A$0.5891 PER ORECORP SHARE
    • ORECORP BOARD UNANIMOUSLY RECOMMENDS CO SHAREHOLDERS ACCEPT SILVERCORP OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
    • SILVERCORP OFFER, WHICH OFFERS SAME CONSIDERATION BEING OFFERED UNDER SCHEME, VALUES ORECORP AT A$276.5 MILLION
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