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Matsa Urges Shareholders to Hold as Patronus Launches Takeover Bid

9:11am on Monday 2nd of June, 2025 AEST Mining
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Matsa Urges Shareholders to Hold as Patronus Launches Takeover Bid

9:11am on Monday 2nd of June, 2025 AEST
Key Points
  • Patronus Resources launches unsolicited on-market takeover bid for Matsa
  • Matsa Board to issue target statement with recommendation in coming weeks
  • Shareholders advised to take no action until official guidance is provided
  • Matsa appoints Thomson Geer as legal adviser on the offer
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