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Leonoil Launches Takeover Bid for Sierra Rutile
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Leonoil Launches Takeover Bid for Sierra Rutile

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

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Leonoil Company Limited has announced an all-cash takeover bid for Sierra Rutile Holdings Limited at $0.18 per share, with Sierra Rutile’s board unanimously recommending shareholders to accept the offer. The offer, which will close at 5:00pm (AWST) on a specified date in 2024 unless extended or withdrawn, emphasizes the urgency for shareholders to act and seek advice if unsure about the transaction.

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

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