Augusta rejects HudBay’s ‘lowball’ bid
Feb 24, 2014 | 02:50 PM
| Daniel Fitzgerald
NEW YORK Augusta Resource Corp.s board of directors has slammed an unsolicited takeover bid from HudBay Minerals Inc. as "grossly inadequate," and urged shareholders to reject the offer.
HudBay, which already owns about 16 percent of Augustas shares, launched a bid earlier this month that valued Augusta at about Canadian $540 million ($488 million) on a fully diluted basis (amm.com, Feb. 12).....
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.