M&A

Cradle recommends Tremont takeover

CRADLE Resources has recommended a takeover offer from private equity-backed Tremont Investments, its partner in the Panda Hill niobium project in Tanzania, which values the company at about $A55 million.

Andrew Hobbs
Cradle recommends Tremont takeover

Tremont’s cash offer of 33c per share is a 43.5% premium to Cradle’s last closing price and a 37.3% premium to the 20-day volume-weighted average price. Tremont plans to fund the cash component of the...

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