Larvotto digs in as Hammer takeover battle heats up
Larvotto Resources supported its acquisition of Hammer Metals amid a rival proposal from Austral Resources on Wednesday. Hammer's board maintains its recommendation for Larvotto's offer of one share for every 22 shares held, valuing the bid at 5.6 cents per share. The deal promises to create a larger, more liquid resources group with significant assets.
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 08 Jul 2026, 07:34 UTC · Updated 08 Jul 2026, 07:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
Trending
- Breaking: Senior WA minister Paul Papalia set to resign, triggering by-election
- Lachie Perrem suffers severe burns after robotic vacuum explodes at home
- Pioneer of ‘extreme male brain’ theory of autism now says phrase unhelpful
- Launceston entrepreneur's $80 million creative precinct plan falters amid insolvency links
- Workplace watchdog rules on Jess Wilson’s forklift-driving social media stunt
- Meet the comedian parodying Karl Stefanovic: ‘He’s cosplaying a conservative’