Predictive Discovery set for worst day in 6 months after Perseus withdraws bid

Perseus Mining

11/12/2025 03:51

** Shares of Australia's Predictive Discovery PDI.AX fall 12.1% to A$0.62, set for worst day since late May

** Perseus Mining PRU.AX terminates its binding offer to buy co

** On Dec. 3, the miner had received a takeover proposal from Perseus Mining to acquire all shares it did not already own, valuing the company at about A$2.1 billion ($1.39 billion); shares had jumped 16.8% on the day

** Shares are up 169.6% YTD

($1 = 1.5058 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))