M&A

Evolution's Phoenix bid unconditional

EVOLUTION Mining has declared its takeover bid for Phoenix Gold unconditional after the value of its offer increased to A15.3c per Phoenix share on the back of strong share price movement.

Jack McGinn
Evolution's Phoenix bid unconditional

Evolution has offered 6c cash and 0.06 Evolution shares for each share held in Phoenix, an offer which was rejected late last month on the basis that it undervalued the 15.6-24.4c value ascribed by an...

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