CAPITAL MARKETS

Independent expert values Namakwa 45% above Majestic offer

NAMAKWA Diamond has formally rejected Majestic Resources' scrip takeover offer in its target's st...

Greg Tubby

The independent expert, global accounting and financial services group Ernst & Young, valued Namakwa at 42-87c a share on an undiluted basis and concluded the Majestic offer was neither fair nor reasonable...

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