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Forrestania secures Zenith majority as Panel stalls takeover
Summary by Australian Mining
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Forrestania secures Zenith majority as Panel stalls takeover
Image: Jason Bennee/stock.adobe.comForrestania Resources has secured a majority interest in Zenith Minerals, but the takeover remains unable to proceed unconditionally while Takeovers Panel orders remain in force. The bidder now holds a relevant interest of approximately 56.3 per cent in Zenith, exceeding the 50.1 per cent minimum acceptance condition attached to the off-market takeover offer. That interest includes acceptances representing 47.2…
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