• Maurel & Prom has made an offer to acquire Wentworth for 32.5 p per share in cash, valuing Wentworth at £61.7 mm. The offer price represents a 30% premium to the share price of Wentworth on the last trading day prior to the announcement (25 p per share as at 2 December).
• Wentworth held US$30.2 mm (12.9 p per share) in cash as at 1 November. Deducting the cash value from the offer price suggests an offer price of 19.6 p per share for Wentworth’s non cash assets. This compares to a read throug ....
05 Dec 2022
Wentworth Resources plc (AIM: WEN): Proposed acquisition by Maurel & Prom
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Wentworth Resources plc (AIM: WEN): Proposed acquisition by Maurel & Prom
- Published:
05 Dec 2022 -
Author:
Stephane Foucaud -
Pages:
3
• Maurel & Prom has made an offer to acquire Wentworth for 32.5 p per share in cash, valuing Wentworth at £61.7 mm. The offer price represents a 30% premium to the share price of Wentworth on the last trading day prior to the announcement (25 p per share as at 2 December).
• Wentworth held US$30.2 mm (12.9 p per share) in cash as at 1 November. Deducting the cash value from the offer price suggests an offer price of 19.6 p per share for Wentworth’s non cash assets. This compares to a read throug ....