InsideArbitrage Potential Deal Alert: Idaho Strategic Resources (IDR) submitted a non-binding proposal to WWR management (WWR)

  • December 30, 2022

POTENTIAL DEAL DETAILS

StockWestwater Resources, Inc.SymbolWWR
Date AnnouncedSource Press Release
TypeUnsolicited BidAcquiring Company/Person Idaho Strategic Resources

Idaho Strategic Resources (IDR) announced that on 12/15/22 it submitted a non-binding proposal to WWR management to acquire all of the outstanding shares of common stock of Westwater Resources (WWR). The non-binding proposal was accompanied by a short presentation outlining potential terms and the anticipated benefits of such a business combination. The proposal was declined via email by Westwater’s Executive Chairman, on 12/19/22 as ‘not being in the best interests of the Company at this time and they will not pursue the proposal further’.

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