Kenmare Resources Rejects Proposal From Oryx Global Partners, Michael Carvill
Reuters
03-06
March 6 (Reuters) - Kenmare Resources PLC:: *KENMARE RESOURCES PLC: CONFIRMS THAT IT HAS RECEIVED A NON-BINDING PROPOSAL FROM ORYX GLOBAL PARTNERS LIMITED AND MICHAEL CARVILL *KENMARE RESOURCES PLC: MOST RECENT PROPOSAL RECEIVED WAS AT A PRICE OF 530 PENCE PER KENMARE ORDINARY SHARE *KENMARE RESOURCES PLC: BOARD UNANIMOUSLY REJECTED IT ON BASIS THAT IT "UNDERVALUED" CO'S BUSINESS