HudBay makes unsolicited offer for Augusta Resource
Feb 12, 2014 | 10:27 AM
| Barbara O'Donovan
NEW YORK HudBay Minerals Inc. has set its sights on the Rosemont copper deposit in southern Arizona with an unsolicited offer to acquire all of the issued and outstanding shares in its owner, Augusta Resource Corp.
HudBay, which already owns about 16 percent of Augustas shares, said its offer values Augusta at "an enterprise value of approximately Canadian $450 million ($409.3 million) on a fully diluted in-the-money basis."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.