Augusta Resource Corp said it agreed to be bought by HudBay Minerals Inc after the company raised its offer to purchase Augusta shares it does not already own. The revised offer values Augusta at about C$555 million ($511 million), HudBay said. HudBay owns about 16 percent of Augusta.Under the offer, Augusta shareholders will receive 0.17 of a warrant to buy one HudBay share for each Augusta share in addition to the original offer of 0.315 HudBay shares per Augusta share.The offer price of about C$3.56 per Augusta common share represents a premium of about 11 percent to Augusta's Friday close on the Toronto Stock Exchange. ($1 = 1.0853 Canadian Dollars)
Augusta Resource Corporation (Augusta) is engaged in the acquisition, exploration and development of natural mineral resource properties. Shares of AZC traded higher by 1.7% or $0.0499/share to $2.98. In the past year, the shares have traded as low as $0.45 and as high as $3.29. On average, 113403 shares of AZC exchange hands on a given day and today's volume is recorded at 182816.
Augusta Resource Corporation (Augusta) is engaged in the acquisition, exploration and development of natural mineral resource properties. Shares of AZC traded higher by 0.31% or $0.01/share to $3.20. In the past year, the shares have traded as low as $0.48 and as high as $3.64. On average, 295836 shares of AZC.TO exchange hands on a given day and today's volume is recorded at 168773.
HudBay Minerals Inc. (HudBay) is an integrated mining company. Shares of HBM traded higher by 2.42% or $0.23/share to $9.75. In the past year, the shares have traded as low as $5.78 and as high as $9.95. On average, 22184 shares of HBM exchange hands on a given day and today's volume is recorded at 26826.
HudBay Minerals Inc. (HudBay) is an integrated mining company. Shares of HBM fell by 0.19% or $-0.02/share to $10.29. In the past year, the shares have traded as low as $6.02 and as high as $10.85. On average, 461556 shares of HBM.TO exchange hands on a given day and today's volume is recorded at 912569.
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