NRW bids premium for rival Primero

NRW Holdings has lobbed a friendly takeover offer for rival Primero Group, which values its target at around A$100 million.

NRW bids premium for rival Primero NRW bids premium for rival Primero NRW bids premium for rival Primero NRW bids premium for rival Primero NRW bids premium for rival Primero

Primero and NRW successfully delivered FMG's HOP 9 crushing plant in WA's Pilbara

The offer values Primero at 55c, offering 27.5c cash plus 0.106 NRW shares for each Primero share, a 15% premium to Primero's last closing price, and a 50% premium to its 60-day average stock price.

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