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Carawine rejects QGold's takeover offer

CARAWINE Resources has recommended shareholders reject an unsolicited A21c per share on-market takeover bid from its largest shareholder, QGold.

Kristie Batten
Carawine rejects QGold's takeover offer

QGold, owned by Queensland coal magnate Christopher Wallin, is already Carawine's largest shareholder with just under 19.7%. Last month, QGold appointed Ord Minnett to acquire Carawine shares on its...

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