GET THISHudbay just got a takeover bid at $5.40 from Jaguar Financial
Jaguar Financial Corp <JFC.TO>:
* Announces intention to launch take-over bid for HudBay
* Says will offer two series of notes as consideration for the shares
* Says consideration offered under the offer will consist of two series of
variable principal amount notes
* Says estimates value of the series 1 notes to be about C$5.40 per share
* Says offer will be conditional on cancellation of transaction between HudBay
and Lundin Mining
* Says offer will be conditional on cancellation of the proposed loan by HudBay
to Lundin
(I expect more of this with other companies)