Brief: Orecorp Says Recommended Takeover Offer For Orecorp By Silvercorp

Orecorp

27/12/2023 24:35

Dec 27 (Reuters) - Orecorp Ltd  ORR.AX :
    * RECOMMENDED TAKEOVER OFFER FOR ORECORP BY SILVERCORP
    * SILVERCORP OFFERS TO ACQUIRE ALL ORECORP SHARES NOT
ALREADY
OWNED BY SILVERCORP
    * CASH AND SCRIP OFFER FROM SILVERCORP WITH AN IMPLIED VALUE
OF
A$0.5891 PER ORECORP SHARE
    * ORECORP BOARD UNANIMOUSLY RECOMMENDS CO SHAREHOLDERS
ACCEPT
SILVERCORP OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
    * SILVERCORP OFFER, WHICH OFFERS SAME CONSIDERATION BEING
OFFERED
UNDER SCHEME, VALUES ORECORP AT A$276.5 MILLION

Source text for Eikon:  ID:nASX62snZb 
Further company coverage:  ORR.AX 

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