Australia's OreCorp gains on sweetened bid from Perseus Mining

Orecorp

20/03/2024 01:33

** Shares of OreCorp Ltd  ORR.AX  rise 4.5% to A$0.585, set
for their best day since Jan. 22 if gains hold  
    ** Exploration co says it received conditional, increased
buyout offer from Perseus Mining  PRU.AX  
    ** New offer price of A$0.575 compares with last offer of
A$0.55 and represents a premium of 2.7% to ORR's last close
    ** Co recommends shareholders to accept amended proposal
    ** Stock down 1.8% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))