Seeking Alpha

Augusta Resource says strategic review attracts nine parties

  • Augusta Resource (AZC +3.2%) says nine parties, including "significant industry players," had expressed interest in the company in response to its strategic review process, as it tries to find a white knight bidder to fight off HudBay Minerals' (HBM +1.8%) hostile takeover bid.
  • AZC says it will hold site visits to its Rosemont copper project, which is near construction, over the next few weeks.
  • AZC also says it will hold a shareholder meeting May 9 to keep the poison pill put in place last year when HBM started building its stake in AZC.
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