Augusta won’t use ‘poison pill’ plan vs. HudBay

Apr 28, 2014 | 01:46 PM | Saranya Kapur

Tags  copper, Augusta Resources, HudBay, Gil Clausen, Saranya Kapur

NEW YORK — Augusta Resource Corp. will not use its shareholder rights plan to prevent any unsolicited bidder from acquiring Augusta if a majority of Augusta’s shareholders want to accept the bid, the company said April 28.

HudBay Minerals Inc. has extended its bid for Augusta—offering 0.315 of a HudBay common share for each Augusta share—to May 5. Toronto-based HudBay currently owns about 16 percent of Augusta’s shares.....

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