PanAust: PanAust urges shareholders to accept revised Gram offer

The shareholders of ASX-listed takeover target PanAust have again been urged to accept a takeover offer from suitor Guangdong Rising Asset Management (Gram), as it was revealed on Friday that the company now had an interest of around 70.43% in PanAust. At the start of this week, PanAust advised shareholders to accept the takeover offer from Gram after the Chinese firm upped its offer from A$1.71 a share, to A$1.85 a share in cash.