Perseverance-Leviathan next M&A couple

CONSOLIDATION of the Australian gold sector has taken another step, with Victorian miners Perseverance and Leviathan Resources aiming to set up shop together under the Perseverance shingle.

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An off-market bid by Perseverance sees it offering 1.7 of its shares for each Leviathan share, valuing the target company’s shares at around 23% above their closing price Friday.

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