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Robust Resources receives takeover offer

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Hong Kong investment company Stanhill Capital Partners has lobbed a takeover offer at Robust Resources (ASX:ROL) to acquire all the shares for A$0.28 cash per share.

Ilyas Khan is a partner of Stanhill.

Given Robust last traded at $0.22, it is a 27.2% premium to the offer price.

The takeover offer is a good sign for the junior resources sector and may provide a shot in the arm.

The offer is conditional on a 75.01% minimum level of acceptances to the offer as well as receiving regulatory approvals from the Australian authorities and shareholders approval.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Robust Resources

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ASX:ROL
Market: ASX
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