Kenmare Resources Confirms Takeover Proposal From IRH, Shares Surge
Kenmare Resources confirmed it has received a takeover proposal from IRH, leading to a surge in its shares. Discussions are ongoing, and there is no certainty a firm offer will be made or its terms.
Kenmare Resources said discussions with IRH remain ongoing and that there can be no certainty a firm offer will be made, or as to the terms of any such offer if one is made. The company added that a further statement will be made as and when appropriate. Under Irish takeover rules, IRH has until…