trending Market Intelligence /marketintelligence/en/news-insights/trending/mLUQm0JLWTCLxximASUSfw2 content esgSubNav
In This List

Major shareholder Taurus to reject takeover offer for Finders Resources

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


Major shareholder Taurus to reject takeover offer for Finders Resources

Taurus Funds Management Pty. Ltd., Finders Resources Ltd.'s largest shareholder outside of the bidding consortium with an 11.31% stake in the company, will not accept the takeover offer of 23 Australian cents per share from Eastern Field Developments Ltd.

According to the Dec. 7 release, Taurus considers that the offer price does not reflect the fair value of Finders' shares.

Eastern Field, which has a 19.8% relevant interest in Finders, had received acceptances of less than 1% of Finders shares by Dec. 5, the company noted.

Earlier during the week, Finders recommended shareholders to reject the "inadequate and opportunistic" takeover offer.