M&A
confidence high
sentiment neutral
materiality 0.50
Idaho Strategic withdraws $1.36/share bid for Westwater Resources after board refusal
Idaho Strategic Resources, Inc.
- Withdrew business combination proposal to acquire Westwater at $1.36 per share.
- Premium of ~73% to Dec 22, 2022 unaffected price; WWR board refused to engage.
- IDR to focus on own gold/REE production strategy while monitoring WWR situation.
- CEO cites missed opportunity for clean share structure, low float, high insider ownership.