Astral Resources Acquires At Least 50.1% Stake in Maximus Resources, Offer Declared Unconditional

MT Newswires Live

2025/02/24

Astral Resources (ASX:AAR) declared its offer for Maximus Resources (ASX:MXR) unconditional and free from all conditions, after acquiring a stake of at least 50.1% of the firm's shares, according to a Monday Australian bourse filing.

Maximus shareholders who accepted the offer before it was declared unconditional will be issued their Astral shares by no later than March 10, the filing said.

Astral sought to acquire Maximus on the basis of one Astral share for every two Maximus shares in an off-market takeover bid.

Astral's shares fell 4% on market close on Monday. Maximus' shares fell 4% on market close.

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