RE: Increased offer now inevitable10 Mar 2021 11:29
(Alliance News) - Nova Resources BV said Wednesday the level of acceptances for its Kaz Minerals PLC acquisition at the end of its first closing date is just under 20%.
The offer by the vehicle of Kaz's chair, will now remain open until March 23.
"Kaz Minerals shareholders who have not yet accepted the increased offer and who wish to do so, are urged to do so as soon as possible," the company said Wednesday.
What a desperate position for the board, Please just increase the offer to an acceptable £10 per share or walk away. Shareholders are no fools and they should stop trying to chance it