Mineral Resources (ASX:MIN) is making an off-market takeover bid for Norwest Energy (ASX:NWE).
They have issued notices of variation to increase the offer consideration from one MinRes Share for every 1,367 Norwest Shares to one MinRes Share for every 1,300 Norwest Shares.
Its also extended the closing date to 7:00pm (Sydney time) on Monday, 20 February 2023, and given notice that the offer is now free from the defeating condition, making the offer wholly unconditional.
The share price of Norwest Energy closed up almost 3% today.