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Why Rey Resources Urges Shareholders to Accept Vigorous Resources’ $0.028 Takeover Bid
7:03pm on Thursday 10th of July, 2025 AEST
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Why Rey Resources Urges Shareholders to Accept Vigorous Resources’ $0.028 Takeover Bid
7:03pm on Thursday 10th of July, 2025 AEST
Key Points
Unconditional off-market takeover offer at $0.028 per share
Rey Resources board unanimously recommends acceptance absent a superior proposal
Vigorous Resources holds 16.1% stake and may compulsorily acquire remaining shares at 90% ownership
Offer provides liquidity and premium over Rey’s recent trading prices
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