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Resolute mining (ASX:RSG) has paid a second settlement of $50 million to the Malian government as part of a $160 million agreement to resolve the dispute. This follows the release of the company’s CEO and two executives who were detained in early November but released on November 21st. Despite these issues, the company says operations at the Shama gold mine have not been affected. The stock price has increased by 2.47% over the past five days.
AV Jennings Stock (ASX:AVJ) Shares soared yesterday after the company received an offer from AVID Property Group to acquire all outstanding shares for 67 cents per share. This represents a whopping 103% premium over the November 27 closing price. AVJennings’ Board of Directors has entered into an exclusive agreement with AVID and intends to recommend an offer if conditions are met. The stock price has increased by 72.22% in the past five days.
For more acquisition news, visit SG Fleet (ASX:SGF) Shares soared Monday after the company received an offer of $3.50 per share from Pacific Equity Partners. The SG Fleet Board has granted PEP exclusive rights until 29 November 2024 to conduct due diligence and negotiate a scheme implementation deed for a potential transaction. The stock price has been flat for the past five days.
novonix (ASX:NVX) recently announced some important announcements. First, in mid-November, the company signed a supply contract with Stellantis, a global automotive group. And earlier this week, the company signed a deal with Volkswagen’s PowerCo, before completing an institutional introduction later in the week for about $44.4 million. The stock price fell 13.75% this week.
Wednesday, ASX (ASX:ASX) announced a $445 million plan to replace its outdated CHESS system by 2029. This follows the abandonment of an earlier plan with a $250 million amortization in November 2022. Investors were concerned about costs and the long timeline, which led to the stock falling 2.9% this week.
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