Aug 1 (Reuters) - Summit Resources Ltd (SMM) :
- IT HAS ENTERED INTO A BID IMPLEMENTATION AGREEMENT (BIA) WITH PALADIN ENERGY LIMITED (PALADIN)
- UNDER OFFER, SUMMIT SHAREHOLDERS WILL RECEIVE ONE NEW PALADIN SHARE FOR EVERY ONE SUMMIT SHARE HELD
- OFFER PRICE REPRESENTS APPROXIMATELY A$0.202 PER SUMMIT SHARE
- OFFER SUBJECT TO PALADIN HAVING AT LEAST 75% ACCEPTANCES & A RELEVANT INTEREST IN MORE THAN 90% OF ALL SUMMIT SHARES
- INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND THAT SUMMIT SHAREHOLDERS SHOULD ACCEPT OFFER
- PALADIN WILL MAKE AN OFF-MARKET CONDITIONAL TAKEOVER BID FOR ALL OF ISSUED SHARES OF SUMMIT IT DOES NOT PRESENTLY HOLD
News: PDN Summit Resources Enters Bid Implementation Agreement With Paladin Energy
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$8.16 |
Change
-0.140(1.69%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $8.515M | 1.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1855 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 2329 | 9 |
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