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Leonoil Firm on Takeover Bid for Sierra Rutile
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Leonoil Firm on Takeover Bid for Sierra Rutile

Sierra Rutile Holdings Limited (AU:SRX) has released an update.

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Leonoil Company Limited has announced a firm takeover offer for all outstanding shares of Sierra Rutile Holdings Limited, with the offer set to close on September 9, 2024. The offer price is locked at $0.18 per share unless a competing proposal emerges. Currently, Leonoil holds a 25.20% stake in Sierra Rutile.

For further insights into AU:SRX stock, check out TipRanks’ Stock Analysis page.

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