New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:04 EDTAZCAugusta Resource recommends shareholders reject Hudbay's unsolicited offer
Augusta Resource announced that its board unanimously recommends that Augusta shareholders reject the unsolicited offer from Hudbay Minerals to acquire all of the outstanding common shares of Augusta. Commenting on the offer, Augusta's Executive Chairman Richard Warke said, "The unsolicited offer is grossly inadequate and does not come close to recognizing the full and fair value of Augusta and the world-class Rosemont project. It not only is opportunistic, failing to compensate Augusta's shareholders adequately at a time when the Company is at an inflection point of significant value creation, but it replaces this lost value with an increased exposure to risk. Our Board rejects this low ball bid, and recommends that our shareholders do not tender their common shares."
News For AZC From The Last 14 Days
Check below for free stories on AZC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for AZC

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use