Kenmare Resources plc has confirmed it received a non-binding proposal from International Resources Holdings RSC Ltd for a possible cash takeover of the entire company. Discussions are ongoing, but no financial terms have been disclosed yet. Kenmare cautions there is no certainty that International Resources will make a firm offer or what the terms might be. International Resources has until November 17 to announce a firm intention to proceed or withdraw.
Kenmare Resources takeover talks come amid a Basic Materials sector where 24 of 38 US stocks rose today. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 06, 2026 13:11 WIB: Dow Inc gained 2.11% to USD 28.56 with a typical hold time of 82 days, LyondellBasell Industries NV fell 1.83% to USD 57.52 with a typical hold time of 86 days, and Advanced Drainage Systems Inc rose 1.54% to USD 129.23 with a typical hold time of 43 days.
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