Paladin Energy (ASX: PDN) has now reached the milestone of 90.59% ownership of takeover target NGM Resources (ASX: NGM).
Ownership of above 90% in NGM was required by Friday 5 November, or else Paladin could have effectively allowed the offer to lapse.
The NGM directors have urged shareholders to accept the offer without delay.
Of interest, NGM shares have traded as high as $0.165 in intra-day trading today.
The takeover offer was priced at $0.15.