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FRS — Forrestania Resources News Story

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Brief: Forrestania Resources Says No Superior Offer Has Materialised In Months Since Lodgement Of Its Bidder's Statement

BRIEF-Forrestania Resources Says No Superior Offer Has Materialised In Months Since Lodgement Of Its Bidder's Statement

- Forrestania Resources Ltd FRS.AX:

  • NO SUPERIOR OFFER HAS MATERIALISED IN MONTHS SINCE LODGEMENT OF ITS BIDDER'S STATEMENT

  • PREVAILING ZENITH SHARE PRICE IS ARGUABLY BEING SUPPORTED BY TAKEOVER OFFER

  • CONSIDERS THAT IT IS IN BEST INTERESTS OF ZENITH SHAREHOLDERS THAT THEY ACCEPT FORRESTANIA'S OFFER

Further company coverage: FRS.AX


((Reuters.Briefs@thomsonreuters.com;))

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