By Reuters Staff
2 Min Read
May 27 (Reuters) - Canadian miner Noront Resources is looking to adopt a poison-pill plan to thwart a potential takeover of the company by Australian mining magnate Andrew Forrest’s Wyloo Metals.
Wyloo’s unsolicited bid for the remaining shares of the company values Noront at C$133 million ($110.12 million), or C$0.315 per share. It is Noront’s top shareholder, with a 23% stake as of December.
“The rights plan is designed to ensure that all Noront shareholders are treated fairly in connection with any takeover bid and to protect against ‘creeping bids’ for the outstanding common shares of Noront,” the miner said in its statement.
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WASHINGTON (Reuters) - A man appointed to the U.S. State Department during the Trump administration will remain in jail while he awaits trial on charges that he took part in the deadly storming of the U.S. Capitol and assaulted police officers, a judge said on Tuesday.
FILE PHOTO: Supporters of U.S. President Donald Trump climb a wall during a protest against the certification of the 2020 presidential election results by the Congress, at the Capitol in Washington, U.S., January 6, 2021. Picture taken January 6, 2021. REUTERS/Jim Urquhart
U.S. Magistrate Judge Zia Faruqui in Washington said during a court hearing that he was denying a request by Federico “Freddie” Klein, 42, for pretrial release.
Private equity firm Waterous Energy Fund succeeded in its bid to take controlling interest in Osum Oil Sands on Wednesday, days after the Canadian oil producer's board ended its opposition to the deal.
Security group GardaWorld on Wednesday extended the buyout offer period for rival G4S for a sixth time, prolonging a bidding war with U.S.-based Allied Universal for the British private security services firm.