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Distributel Acquires Primus - ChannelVision Magazine

Distributel Acquires Primus - ChannelVision Magazine
channelvisionmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelvisionmag.com Daily Mail and Mail on Sunday newspapers.

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Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources

Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources
DUBAI, United Arab Emirates, Dec. 24, 2020 /PRNewswire/ Dongshan Investments Limited ( Dongshan ) has today announced its intention to make an off-market takeover offer of A$1.20 per share ( Offer ) to acquire all of the ordinary shares in Cardinal Resources Limited ACN 147 325 620 ( Cardinal ).
Highlights
Intention to make an all-cash takeover offer of A$1.20.
Offer represents a 15% premium to the 3 (three) month Volume Weighted Average Price of 1.045A$ per Cardinal Share and a 12% premium to the maximum price offered under the current offer by Shandong (1.075A$ per Cardinal Share).
Conditions to the Offer will include financing, limited due diligence, and regulatory approvals (a full list of the conditions to the Offer is provided in Annexure 1 of this announcement). ....

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