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Why Kula Gold’s Board Urges Shareholders to Embrace Forrestania’s Takeover Bid
8:31am on Thursday 4th of December, 2025 AEDT
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Why Kula Gold’s Board Urges Shareholders to Embrace Forrestania’s Takeover Bid
8:31am on Thursday 4th of December, 2025 AEDT
Key Points
Offer of 1 Forrestania share per 5.6 Kula shares
Directors unanimously recommend acceptance absent superior proposal
Offer represents a 41% premium to Kula’s recent trading price
Minimum 50% acceptance condition with potential compulsory acquisition at 90%
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