💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BRIEF-Phoenix Gold says board recommends revised offer by Evolution Mining

Published 06/11/2015, 08:56 am
Updated 06/11/2015, 08:59 am
© Reuters.  BRIEF-Phoenix Gold says board recommends revised offer by Evolution Mining
PXG
-

Nov 6 (Reuters) - Phoenix Gold Ltd PXG.AX :

* Phoenix board recommends revised offer PXG.AX

* Have reached agreement on improved terms for the proposed off-market takeover offer for Phoenix by evolution

* Says board of Phoenix unanimously recommends that Phoenix shareholders accept the revised offer

* Says the offer period for the revised offer will be extended such that it will now close at 7.00pm aest on 15 December 2015

* Says resolved to unanimously recommend that shareholders accept the revised offer, in the absence of a superior proposal

* Says notes that the revised offer is the only offer that is currently available to shareholders

* Sees the aggregate consideration under the revised offer would be A$0.0675 cash and 0.06 evolution shares for each Phoenix share

* Says total consideration values the revised offer at A$0.158 per Phoenix share

* Source text for Eikon ID:nASX6Z4VYF

*

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.