RE:AZC board rebuffs HBM $540 million takeover offerStockExpertPro wrote: Augusta Executive Chairman, Richard Warke, reiterated, “The unsolicited offer is grossly inadequate and does not come close to recognizing the full and fair value of Augusta and the world-class Rosemont project. It not only is opportunistic, failing to compensate Augusta's shareholders adequately at a time when the Company is at an inflection point of significant value creation, but it replaces this lost value with an increased exposure to risk.” Then concluded, “Our Board rejects this low ball bid, and recommends that our shareholders do not tender their common shares.”
I wonder if the SGC board of directors and CEO will play hardball like this when the company receives a buyout offer.