Canyon Resources Recommends Shareholders Take No Action on A2MP Investments' Proposal for Now; Shares Hit Multi-Year Low

MT Newswires Live

Jul 29

Canyon Resources (ASX:CAY) said it is evaluating a response to an off-market takeover proposal from A2MP Investments FZCO and advised shareholders to take no action on the offer for now, according to a Wednesday filing with the Australian bourse.

A2MP Investments lodged a takeover bid for all ordinary shares in Canyon that it doesn't already own at AU$0.05 per share in cash. A2MP is the largest shareholder in Canyon, holding a roughly 55.6% stake in the company.

Canyon Resources shares fell 31% in recent Wednesday trade to hit their lowest point since October 2023.

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A2MP is the largest shareholder in Canyon, holding a roughly 55.6% stake in the company.</p><p>Canyon Resources shares fell 31% in recent Wednesday trade to hit their lowest point since October 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7081","symbol_name":"铝","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2655856071","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655856071","pubTimestamp":1785304627,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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