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Javelin backs FirstAU takeover despite fairness warning

8:21am on Tuesday 3rd of November, 2026 AEDT • Mining
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Javelin backs FirstAU takeover despite fairness warning

8:21am on Tuesday 3rd of November, 2026 AEDT
Key Points
  • Unanimous Javelin board recommendation to accept the FirstAU offers
  • Independent expert says both share and option offers are not fair but reasonable
  • 0.5882 FirstAU shares offered for each Javelin share
  • FirstAU shareholder approval and 50.1% acceptance threshold remain conditions
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