HudBay seeks to halt trade on Augusta ‘poison pill’ plan

Apr 14, 2014 | 06:39 PM | Saranya Kapur

Tags  HudBay Minerals, Augusta Resources, poison pill plan, British Columbia Securities Commission, David Garofalo, Saranya Kapur

NEW YORK — HudBay Minerals Inc. has petitioned the British Columbia Securities Commission to cease trade in Augusta Resource Corp.’s shareholder rights plan, which would allow a vote on its takeover offer.

"The time for Augusta shareholders to support our offer is now," HudBay president and chief executive officer David Garofalo said in a statement April 14. "(Sixty four) days have passed since we announced our offer, and Augusta has failed to produce any alternative transactions. Meanwhile, Augusta continues to make....





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