Royalco accepts takeover, more action possible

CHANCES are there could be more corporate activity yet to play out despite the board of Royalco agreeing to recommend the circa-$A10 million takeover of the royalty company by major shareholder Fitzroy River Corporation.

Royalco accepts takeover, more action possible Royalco accepts takeover, more action possible Royalco accepts takeover, more action possible Royalco accepts takeover, more action possible Royalco accepts takeover, more action possible

Royalco’s board initially rejected an 18c per share bid, but has now agreed to recommend the increased 20c per share bid.