Higher offer21 Jul 2022 08:42
“Higher offer
In March 2022, Greatland submitted a non-binding offer to Newcrest to acquire a 5% stake in Havieron for a substantially higher value than determined as the option price. Greatland did so because it considered the value of Havieron to be well above the value implied by the option price and would, in the opinion of the directors, still have presented a financially compelling outcome to Greatland shareholders. Newcrest did not engage on this offer.”
That deserves its own thread.