Australia's Larvotto Resources rejects takeover offer from USAC

Larvotto Resources

26/10/2025 22:12

Oct 27 (Reuters) - Australia's Larvotto Resources LRV.AX said on Monday it had rejected a non-binding indicative offer from United States Antimony Corporation received last week, valuing the miner at about A$722.9 million ($469.74 million).

The diversified miner said at the time, USAC's five-day volume-weighted average price had implied an offer value of A$1.40 per Larvotto share. However, as of Friday, the implied offer value had fallen to A$1.11 per Larvotto share, based on USAC's closing share price, which now valued the former at A$573.3 million.

($1 = 1.5389 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Nia Williams)

 ((shivangi.lahiri@thomsonreuters.com))