Business
Why the NRW (ASX:NWH) share price is on watch
The NRW Holdings Limited (ASX: NWH) share price is on watch after an acquisition update from the Aussie mining services group.
Why is the NRW share price on watch?
NRW announced that it has completed the compulsory acquisition of outstanding Primero Group Ltd (ASX: PGX) shares. That means the diversified Aussie mining and construction services group now owns 100% of Primero shares.
It follows NRW’s 24 November 2020 announcement about its $100 million offer for Primero. Primero is a vertically integrated engineering group operating on global resource projects across Australia and North America.
Under the terms of the offer, Primero shareholders received 27.5 cents cash plus 0.106 NRW shares for each Primero share. The NRW share…
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