BUZZ-Australia's Emmerson Resources eyes best day in 6 months on $217 million buyout offer

Reuters

Mar 09

** Shares of Australia's Emmerson Resources ERM.AX rise as much as 16.7% to A$0.385, their biggest intraday gain since September 8, 2025

** The mineral explorer says it agrees to be acquired by Pan African Resources PAFR.L, parent company of co's joint venture (JV) partner, Tennant Creek

** Co says under the deal, Emmerson shareholders will receive 0.1493 new PAN shares for each Emmerson share, valuing the deal at nearly A$311 million ($217.02 million)

** The deal, at an implied offer price of A$0.45 per share, marks a 36.4% premium, as of the company's last close

** The company's board unanimously recommends that shareholders vote in favour of deal

** The stock is up 38.9% YTD, including the day's moves

($1 = 1.4331 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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href=\"https://laohu8.com/S/PAFRF\">Pan African</a> Resources <span>PAFR.L</span>, parent company of co's joint venture (JV) partner, Tennant Creek</p><p>** Co says under the deal, Emmerson shareholders will receive 0.1493 new PAN shares for each Emmerson share, valuing the deal at nearly A$311 million ($217.02 million)</p><p>** The deal, at an implied offer price of A$0.45 per share, marks a 36.4% premium, as of the company's last close</p><p>** The company's board unanimously recommends that shareholders vote in favour of deal</p><p>** The stock is up 38.9% YTD, including the day's moves </p><p>($1 = 1.4331 Australian dollars)</p><p>(Reporting by Aamir Sheik Khalid in Bengaluru)</p><p>((Aamir.SheikKhalid@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ERM.AU","symbol_name":"EMMERSON RESOURCES 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gain since September 8, 2025** The mineral explorer says it agrees to be acquired by Pan African Resources PAFR.L, parent company of co's joint venture (JV) partner, Tennant Creek** Co says under the deal, Emmerson shareholders will receive 0.1493 new PAN shares for each Emmerson share, valuing the deal at nearly A$311 million ($217.02 million)** The deal, at an implied offer price of A$0.45 per share, marks a 36.4% premium, as of the company's last close** The company's board unanimously recommends that shareholders vote in favour of deal** The stock is up 38.9% YTD, including the day's moves ($1 = 1.4331 Australian dollars)(Reporting by Aamir Sheik Khalid in 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