CORPORATE ACTIVITY
Diversified metals miner Independence Group has launched a A$20.5-million offmarket takeover offer for ASX-listed Windward Resources, which controls exploration tenements near its Nova project, in Western Australia. The offer, which is unanimously supported by the Windward board, consists of 19c a share in cash for all Windward shares held. The offer represents a 46% premium to Windward’s last closing price on September 16 and a 60% premium to the company’s five-day volume weighted average share price.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access