https://www.engineeringnews.co.za

T2 increases offer for Realm Resources

15th May 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Suitor T2 Resources Fund has increased its takeover offer for ASX-listed Realm Resources from 90c a share to A$1 a share in cash.

T2 said on Tuesday that the 11% a share increase amounted to a A$25.3-million increase in the offer price for Realm, which was now valued at A$253-million.

The suitor said that its revised cash offer represented a premium of 17.6% to Realm’s last trading price on July 13, and a 15.9% premium to the company’s 21-day volume weighted average share price of Realm shares between June 15 and July 13 last year.

Meanwhile, the offer period has been extended until the end of business June 11.

Realm has previously advised shareholders to reject the takeover offer, citing an independent expert’s report which valued the company’s shares at A$1.62 and A$1.92 a share.

The independent expert surmised that the T2 offer was neither fair nor reasonable.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.812s - 140pq - 2rq
Subscribe Now