Australia's New World Resources hits more than 3-years high on sweetened takeover bid

New World Resources

27/06/2025 01:26

** New World Resources NWC.AX jumps 11.9% to A$0.066, highest since February 3, 2022

** Stock marks biggest intraday pct gain since May 22

** Diversified miner receives higher takeover offer of A$0.062/share from Central Asia Metals

** Says new offer values co at A$230 mln ($150.6 mln)

** NWC up 5.4% so far this week; set for fourth consecutive week of gains

** YTD, stock rises 227%

($1 = A$1.5270)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))