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Magnetic Resources Shareholders Back $639 Million Genesis Takeover Scheme
12:17pm on Wednesday 3rd of June, 2026 AEST
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Mining
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Magnetic Resources Shareholders Back $639 Million Genesis Takeover Scheme
12:17pm on Wednesday 3rd of June, 2026 AEST
Key Points
Scheme meeting held 3 June 2026 with 99.74% votes in favour
Shareholders offered cash and scrip consideration with scaleback options
Magnetic board unanimously recommends scheme absent superior proposal
Independent expert confirms scheme is fair and reasonable
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Magnetic Resources (ASX:MAU)
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