04
Apr
04:48
Athena receives proprotional cash offer from XRXH
Australian iron ore explorer Athena Resources has received a proportional cash offer from investment firm Entertainment Holdings (XRXH), Kallanish notes. However, Athena has advised its shareholders to take no action on the offer.
Athena says in a statement that XRXH intends to make a conditional, proportional off-market offer to acquire 2 out of every 10 shares in Athena for AUD 0.003 ($0.002) per share.
Key conditions of the offer include the appointment …
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Anonymous
Very good overview of the weekly steel market.
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