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Why Bastion Mining’s $0.08 Cash Offer Could Reshape Xanadu Mines
1:35am on Monday 2nd of June, 2025 AEST
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Mining
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Why Bastion Mining’s $0.08 Cash Offer Could Reshape Xanadu Mines
1:35am on Monday 2nd of June, 2025 AEST
Key Points
Recommended $0.08 cash per share offer by Bastion Mining
Unanimous support from Xanadu's independent directors
Largest independent shareholder CAAF intends to accept
Offer subject to minimum 50.1% acceptance and no material adverse changes
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