Kenmare shares off highs as Carvill faces bid deadline

News Snapshot:

Kenmare Resources' Moma mine: Shares closed at €4.60 on Wednesday, well off the £5.30 (€6.17) price that the consortium had originally put on the table. Shares in Kenmare Resources, the Dublin-listed titanium minerals miner, have drifted off their highs in the past three weeks as former managing director Michael Carvill and Abu Dhabi-based private equity firm, Oryx Global Partners, weigh a revised offer for the business after their initial bid got a cold reaction. This has seen the stock hand back more than a third of the 49 per cent gain it made in the wake of confirmation early last...