Kenmare Resources Seeks Potential Acquirer With Non‑Binding Offer Proposal
(RTTNews) – Kenmare Resources plc (KMR.L), a manufacturer of mineral sand products, confirmed on Tuesday that it has received a non‑binding proposal from International Resources Holdings RSC Ltd, which seeks to acquire the full amount of its currently issued share capital along with any additional shares that may be authorized upon future issuance.
The company stated that substantive negotiations with IRH are ongoing, but reiterated that definitive offers cannot be guaranteed at this time.
Prior trading today saw Kenmare’s shares fall to 181.40 pence on the London Stock Exchange—a decline of 0.66%—reflecting market reaction to the development.