CAML Launches Takeover Bid for New World Resources Limited
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Central Asia Metals Plc (CAML) has announced an off-market takeover bid for New World Resources Limited (NWC), aiming to acquire all ordinary shares it does not already own. This move is part of CAML's strategy to consolidate its holdings, maintaining a 12.08% voting power despite an increase in NWC's shares. The takeover could significantly impact stakeholders and company operations. The latest analyst rating for NWC stock is a Buy with a price target of A$0.12.
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