Copper – Augusta Resources sees HudBay's takeover bid as "lowballing" and "opportunistic," recommending that shareholders reject the deal.
Articles Tagged "takeover"
Rare Earth – Rumors are rife that Molycorp’s recent fall below its net asset value might very well turn the high-potential firm into a prime takeover target.
Copper – Sitting on the second-largest undeveloped copper deposit in the world makes Inmet Mining an attractive target — worth $72 per share if First Quantum’s latest bid is to be believed. Now shareholders must carefully consider whether they can get more or if it’s worth paying well above the industry average to develop and operate the mine on their own.
Oil – The Wall Street Journal reported that both Nexen Inc. (TSX:NXY,NYSE:NXY) and CNOOC Ltd. (NYSE:CEO) believe that CNOOC's $15.1 billion takeover offer for Nexen will go through by the fourth quarter of this year.
Oil – Nexen Inc. (TSX:NXY,NYSE:NXY) announced that its shareholders approved China National Offshore Oil Corp.'s (CNOOC) takeover of the company.
Silver – Sennen Resources Ltd. (TSXV:SN) acknowledged Liberty Silver Corp's "OPen Letter To Sennen shareholders," stating that the offer was not previously discussed and the company considers it to be a hostile takeover attempt.
Gas – Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
The Winnipeg Free Press reports that the directors of Capital Gold Corp. (TSE:CGC) are urging shareholders to vote for a merger with Gammon Gold Corp. (TSE:GAM) and warning that a rival bidder won't have enough cash without raising $100 million this year.
Gold – Luiri Gold Limited (CVE:LGL) notes the announcement by Lachlan Star Limited (ASX:LSA) that it has signed a Lock up Agreement in respect of its 26.4% shareholding in Luiri.
Moly – China Molybdenum Co(HKG:3993) plans to issue 542 million A shares on the Shanghai Stock Exchange.