ASX-listed Verdant Minerals has signed a A$40.5-million takeover deal with CD Capital Natural Resources Fund, under which all of its shares not held by Washington H. Soul Pattinson would be acquired for 3.2c a share.
“The offer from CD Capital, a London-based private equity firm, represents a 113% premium to Verdant’s current share price and so is demonstrably accretive to our shareholders on the basis of the company’s share price and market capitalisation” said MD Chris Tziolis.