Kenmare shares hit by acquisition comments

Kenmare Resources fell in Dublin trading after managing director Michael Carvill said in a report yesterday he hopes the mining company isn’t acquired by another party.

23rd April, 2012

Kenmare Resources fell in Dublin trading after managing director Michael Carvill said in a report yesterday he hopes the mining company isn’t acquired by another party.

Kenmare fell as much as 5.6 per cent in Dublin trading, the biggest intra-day decline since April 4, after the Sunday Times cited Carvill as saying he hasn’t received an offer for the

company. Carvill said he hopes a takeover “doesn’t happen’’ as the purchasing company’s shareholders...

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