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Aurizon Mines Ltd Urges Shareholders To Reject Hostile Alamos Gold Inc Bid-DJ

Wednesday, 23 Jan 2013 08:14am EST 

Dow Jones reported that Aurizon Mines Ltd said its Board considers Alamos Gold Inc 's takeover offer "financially inadequate and opportunistic" and is recommending shareholders reject the hostile bid. Alamos is offering cash and stock worth about 780 million Canadian dollars ($786 million) for its fellow Canadian gold miner. Aurizon said its board and special committee will focus on exploring a range of strategic alternatives, including talks with third parties for potential alternative transactions. 

Company Quote

-0.21 -2.48%
19 Dec 2014