Seeking Alpha

Augusta Resource urges rejection of HudBay's buyout offer

  • Augusta Resource (AZC) asks shareholders to reject HudBay Minerals' (HBM) hostile offer to buy all AZC shares it doesn't already own, calling the offer "grossly inadequate" which fails to recognize the value of the Rosemont copper project.
  • Rosemont is expected to be the third-largest U.S. copper mine and account for as much as 10% of U.S. copper output; AZC is expected to receive final approval to start work at Rosemont in a few weeks.
Comments (1)
  • Seeking Redlight
    , contributor
    Comments (6) | Send Message
     
    Permitting will be delayed... again.
    24 Feb, 01:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|