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Forrestania announces conditional scrip takeover bid for Kula Gold
Yahoo Finance· 2025-10-15 11:16
Forrestania Resources, a Western Australian exploration company, has announced a conditional scrip takeover bid for all the shares of Kula Gold. The bid proposes an exchange of one Forrestania share for every 5.6 shares of Kula Gold. This offer values Kula at a premium of 41% to its ten-day volume-weighted average price through 10 October. The directors of Forrestania have noted that the company's bid offers Kula Gold shareholders the chance to benefit from the 80%-owned Mt Palmer Gold Project more quic ...
Cenovus Energy raises offer for MEG Energy amid takeover battle
Yahoo Finance· 2025-10-09 08:49
Cenovus Energy has stepped up its bid for MEG Energy by raising its offer to C$8.6bn, including debt. This move comes amid a competitive takeover battle with Strathcona Resources for the Canadian oil producer. The revised bid values MEG at approximately C$29.80 per share, which Cenovus stated is its "best and final" offer. In comparison, Strathcona Resources' revised offer last month valued MEG at C$30.86 per share. Despite Strathcona owning 14% of MEG, Cenovus’ board has urged shareholders to reject S ...
Deliveroo CEO Will Shu to step down after DoorDash takeover
Yahoo Finance· 2025-09-18 09:09
(Reuters) - British food delivery firm Deliveroo said on Thursday founder and CEO Will Shu will step down once its takeover by U.S. rival DoorDash takes effect. U.S. meal delivery firm DoorDash in May agreed to buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.96 billion), banking on their combined reach and local expertise to take on competition. "I have decided that now is the right time for me to step down," said Shu, who founded Deliveroo in 2013, alongside his childho ...
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]