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NRW bids premium for rival Primero

Recommended takeover of EPC concern avoids equity dilution, ensures FY21 work funded

Haydn Black
Primero and NRW successfully delivered FMG's HOP 9 crushing plant in WA's Pilbara

Primero and NRW successfully delivered FMG's HOP 9 crushing plant in WA's Pilbara

The offer values Primero at 55c, offering 27.5c cash plus 0.106 NRW shares for each Primero share, a 15% premium to Primero's last closing price, and a 50% premium to its 60-day average stock price. ...

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