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Zenith keeps Forrestania takeover recommendation as Edna May reshapes the deal
7:46pm on Tuesday 13th of October, 2026 AEDT
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Mining
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Zenith keeps Forrestania takeover recommendation as Edna May reshapes the deal
7:46pm on Tuesday 13th of October, 2026 AEDT
Key Points
Board maintains unanimous recommendation in the absence of a superior proposal
Implied offer value falls to 7.7 cents per Zenith share
Accepting shareholders’ expected combined-group stake drops from 8.4% to 5.9%
Forrestania holds a 58.54% relevant interest in Zenith
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Zenith Minerals (ASX:ZNC)
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