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Davidson Kempner Capital Management LP : Form 8.3 - Spectris plc
Globenewswire· 2025-06-19 14:20
Key Information - Davidson Kempner Capital Management LP disclosed a position in Spectris PLC, representing 1.18% of the relevant securities [1][3] - The position was held as of June 18, 2025, with the disclosure made on June 19, 2025 [1][14] Positions of the Discloser - The discloser holds 1,168,695 cash-settled derivatives, equivalent to 1.18% of the relevant securities [3] Dealings - The discloser increased a long position in cash-settled derivatives by purchasing 49,480 units at a price of GBP 33.0600 per unit [8] - Additionally, another purchase of 22,442 units was made at GBP 33.1200 per unit [8]
Termination of Offer Discussions with Consortium
Globenewswire· 2025-06-19 06:00
Core Viewpoint - Kenmare Resources plc has terminated discussions regarding a potential offer from a consortium led by Oryx Global Partners Limited, citing that the proposals significantly undervalued the company and its prospects [3][12]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [3]. - The company is confident in its independent prospects and ability to achieve strategic and operational objectives, with a strong order book for the second half of 2025 [5]. Offer Discussions - Initial discussions began on March 6, 2025, when Kenmare received a non-binding proposal from the consortium for an all-cash offer at a price of 530 pence per share [7]. - The Board of Kenmare unanimously rejected the initial proposal, deeming it to undervalue the company [8]. - Subsequent engagement with the consortium revealed that they were only willing to proceed with an offer at a price substantially below the initial proposal, which was also rejected by the Board [11]. Future Plans - Kenmare is progressing with the Wet Concentrator Plant A upgrade project, with commissioning expected to begin in Q3 2025 [6]. - Ongoing discussions with the Government of Mozambique regarding the extension of the Implementation Agreement highlight the company's commitment to its investments and future plans in the region [7].
Terra Metals Inc. 任命 Tariq Abbasi 勋爵博士为董事会成员及 Mark Donohue 为首席运营官,标志着战略性全球扩张
Globenewswire· 2025-06-17 18:03
北卡罗来纳州夏洛特与赞比亚卢萨卡, June 18, 2025 (GLOBE NEWSWIRE) -- 注册于特拉华州、专注于关键矿物开发的 Terra Metals Inc. 今日宣布两项任命:Tariq Abbasi 勋爵博士(获颁 MBE、DL、FRSA 头衔)加入董事会,Mark Donohue 先生出任首席运营官 (COO)。 此次高层任命正值公司准备最终敲定一项具有历史意义的 1 亿美元美赞合资企业之际,该协议定于明天在卢萨卡美国中心 (American Center) 签署。 Tariq Abbasi 勋爵博士是杰出的全球政治家,还是大伦敦地区副郡尉,拥有数十年的公共服务经验、外交影响力和董事会级别的经验。 此项任命标志着 Terra Metals 坚持原则性治理、建立国际公信力以及在即将对加拿大证券交易所 (CSE) 上市公司 Waskahigan Oil & Gas Corp. 进行反向收购 (RTO) 前做好资本市场战略准备。 “Abbasi 勋爵为我们的董事会带来了威望、公信力和全球影响力,”Terra Metals Inc. 董事长兼联合创始人 Mumena Mushinge 表示,“ ...
Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements
Globenewswire· 2025-06-10 22:10
Core Viewpoint - Aja Health and Wellness Inc. is nearing the completion of its annual audited financial statements for the year ending December 31, 2024, following a delay caused by the need for a valuation related to a reverse takeover transaction [2][3]. Group 1: Financial Filing Updates - The Alberta Securities Commission issued a management cease trade order (MCTO) on May 6, 2025, due to Aja's inability to file the Required Annual Filings by the April 30, 2025 deadline [2][4]. - Aja has retained a valuator to complete the necessary valuation for the financial statements, which is expected to be completed by July 4, 2025, with the Required Annual Filings anticipated to be submitted by July 31, 2025 [3]. - The MCTO will remain in effect until two full business days after the Required Annual Filings are filed, restricting trading by executive officers but allowing regular trading by other investors [4]. Group 2: Interim Financial Statements - Due to the delay in filing the Required Annual Filings, Aja was also unable to file its unaudited interim financial statements for the three months ended March 31, 2025, by the May 30, 2025 deadline [6]. - Aja is working to complete the Interim Filings and expects to file them concurrently with the Required Annual Filings [6].
BP Takeover Appears Unlikely Due to Size and Complexity
ZACKS· 2025-06-10 13:35
Group 1: BP's Acquisition Prospects - BP's potential takeover is deemed highly unlikely due to its vast size and operational complexity, according to senior bankers at Moelis & Co. [1][10] - There is currently no obvious buyer for BP, particularly from the United States, and few global acquirers view BP's assets as essential [2][7] - Shell is considered the most compatible acquirer for BP in terms of asset synergies and regulatory feasibility, but its stronger market position makes a deal less attractive at this time [3][10] Group 2: BP's Divestment Challenges - BP's $20 billion divestment plan is facing significant challenges, with its lubricants unit, Castrol, being particularly difficult to sell due to a narrow pool of potential buyers [5][10] - The company may consider selling high-quality oil assets in the United States, which could attract strong interest, but this move might raise concerns about BP's future strategy [6][10] Group 3: Market Position and Alternatives - The consensus among energy dealmakers is that a BP takeover remains a distant prospect, with BP's scale, asset mix, and valuation challenges making any near-term acquisition improbable [7][10] - Investors interested in the energy sector may consider better-ranked stocks such as Subsea 7 S.A. and Energy Transfer LP, which have favorable Zacks Ranks [8][11]
Notice of calling the annual general meeting of Enefit Green AS
Globenewswire· 2025-05-23 12:00
The Management Board of Enefit Green AS (hereinafter the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju county, Estonia) calls the annual general meeting of the shareholders of the Company on 26 June 2025 at 16.00 (EEST) at Enefit Green’s head office (Lelle 22, Tallinn). The meeting will be held in Estonian. The list of shareholders entitled to participate at the general meeting will be established 7 (seven) days before the general meeting, i.e. on 19 June 2025, as at the end of ...
Adriatic Metals is hitting its milestones as Vares continues to advance
Proactiveinvestors NA· 2025-05-21 15:41
Group 1 - Adriatic Metals PLC is in discussions with Dundee Precious Metals Inc regarding a potential full takeover [1] - Adriatic has provided Dundee with access to certain confidential documents to facilitate due diligence [2] - The company has advised shareholders that there is no certainty of a formal bid or its terms, urging them to take no action [3] Group 2 - Dundee has a deadline until 5pm London time on June 17 to either make a formal bid or withdraw from discussions [3] - The 28-day period for Dundee to act is known as a "put up or shut up" period, which can only be extended with mutual consent [3]
Form 8.3 - [Alpha Group International plc]
Globenewswire· 2025-05-19 10:53
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:Danske Bank A/S(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose r ...
BP: Takeover Speculation, Low Valuation, Capital Returns
Seeking Alpha· 2025-05-15 14:44
Earlier this month, shares of BP (NYSE: BP ) surged on new takeover fantasy. The British oil and gas major also reported better-than-expected top line results for its first-quarter, despite a drop-off in petroleum prices. BP generated healthy free cash flow andAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BP, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...
The results of the voluntary takeover offer made by Eesti Energia AS in respect of the shares of Enefit Green AS
Globenewswire· 2025-05-14 06:50
Core Points - Eesti Energia AS has made a voluntary takeover offer to acquire all shares of Enefit Green AS not already owned by it [1][2] - The takeover offer was approved by the Estonian Financial Supervision and Resolution Authority on 7 April 2025 [3] - The purchase price offered for each share is EUR 3.40 [3] Offer Details - The offer commenced on 8 April 2025 and ended on 12 May 2025 [3] - A total of 52,940,905 shares, approximately 20% of all shares, were sold to the Offeror by participating shareholders [4] - The payment for the shares will occur on 16 May 2025, with shareholders receiving the purchase price based on the number of shares sold [5] Ownership Changes - Prior to the offer, the Offeror held 203,931,405 shares, representing 77.17% of all shares [6] - After the offer, the Offeror will own a total of 256,872,310 shares, amounting to 97.2% of all shares [6] - This acquisition allows the Offeror to represent at least 90% of the voting share capital of Enefit Green [6] Next Steps - The Offeror will prepare a takeover report to justify the conditions for transferring shares held by minority shareholders [7] - A meeting of shareholders will be convened to decide on the takeover and the delisting of shares from Nasdaq Tallinn Stock Exchange [7] - Shareholders will have at least one month to access draft resolutions and relevant reports before the meeting [7]