Brief: Sierra Rutile Board Recommends Takeover Offer From Gemcorp

Sierra Rutile Holdings

01/07/2024 02:45

July 1 (Reuters) - Sierra Rutile Holdings Ltd  SRX.AX :
    * SIERRA RUTILE BOARD RECOMMENDS TAKEOVER OFFER FROM GEMCORP
    * UNDER DEAL, GEMCORP TO OFFER TO ACQUIRE ALL OF ISSUED AND
OUTSTANDING ORDINARY SHARES IN SRX IT DOES NOT ALREADY OWN
    * CASH OFFER OF A$0.16 PER SHARE
    * OFFER IMPLIES TOTAL UNDILUTED EQUITY VALUE FOR SRX OF
A$67.9
MILLION

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