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Sterling Resources Ltd Responds To Unsolicited Takeover Bid From Vitol Anker International B.V.


Wednesday, 13 Feb 2013 02:15am EST 

Sterling Resources Ltd announced that it is aware of the announcement by Vitol Anker International B.V. (Vitol) that Vitol intends to make an unsolicited offer for all of the outstanding common shares of Sterling at a price of $0.85 per Share. Sterling has been in ongoing discussions with Vitol regarding a potential transaction that the Board of Directors of Sterling (the Board) believes could be in the interests of Sterling shareholders and that would also provide Sterling with additional interim funding. Sterling has also had discussions with third parties on other potential transactions including business combinations, sales of subsidiaries and assets and additional financing opportunities. 

Company Quote

0.43
0.01 +2.38%
3:59pm EDT