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78.0¢ avz minerals limited

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donegaldemon

3,882 Posts.

1870

02/05/19

09:31

Post #: 38367526
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Originally posted by 8horse ↑

Wesfarmers bids for KDR for $776m.

Wesfarmers (ASX:WES) today announced that it has entered into a Process and Exclusivity Deed with Kidman Resources (ASX:KDR, Kidman) in relation to its proposal to acquire 100 per cent of the outstanding shares in Kidman for $1.90 cash per share (the Proposal) by way of a scheme of arrangement (Proposed Scheme). The price represents a premium of 47.3 per cent to the last closing price on 1 May 2019 and 44.4 per cent to the 60-day volume weighted average price and corresponds to a transaction value of approximately $776 million.

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This will turn a few heads in the Li sector ,!!
Now where did we put that DFS ,,

AVZ Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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