- "Together with its advisors, Allied Nevada (ANV) has not been able to find any substantive published information on China Gold Stone and cannot substantiate the credibility of the proposal," says the company, responding to this morning's $7.50 per share takeover offer. And then there's this from China Gold Stone ...
- "China Gold Stone Mining Development Limited announced that the press release issued by it earlier today regarding a bid for Allied Nevada Gold Corp. was issued in error and without the advice of counsel. The earlier release has been retracted."
- ANV has yet to open for trade in the regular session, but a fair number went through in premarket at as high as $6.55 each vs. yesterday's $4.31 close.
Offer for Allied Nevada was fake
Jan 14 2014, 13:07 ET