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....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results