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Canyon takeover bid faces fresh scrutiny after Panel declaration
5:27pm on Wednesday 28th of October, 2026 AEDT
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Mining
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Canyon takeover bid faces fresh scrutiny after Panel declaration
5:27pm on Wednesday 28th of October, 2026 AEDT
Key Points
Takeovers Panel declares Canyon takeover circumstances unacceptable
A2MP’s shareholder disclosures conflicted with assurances given to AFG Bank Cameroon
Panel criticised revised Minim Martap project assumptions and undisclosed information sources
A$0.05 bid was priced about 42.5% below Canyon’s pre-offer market price
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Canyon Resources (ASX:CAY)
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