New World takeover battle nears end as Kinterra outbids CAML

Post Views: 545 Kinterra Capital Antler project Kinterra Capital’s improved offer secures lead in New World takeover Kinterra Capital has strengthened its position to acquire Australian copper developer New World Resources by submitting a superior bid. The Canadian private equity firm offered A$0.066 per share, increasing to A$0.067 if its stake surpasses 30% by July 24. This bid surpasses Central Asia Metals’ (CAML) previous A$0.065 offer, prompting New World’s board to recommend Kinterra’s unconditional proposal. After CAML declined to match the offer, New World withdrew its recommendation o...